Anand Kumar
Carbon Copy contributor.
Why Global Banks Are Exiting From the Net-Zero Banking Alliance
By Anand Kumar and Rajat Mehrotra| 24 Oct. 2025
Launched in 2021, the alliance originally united more than 130 banks managing over $74 trillion in assets The Net-Zero Banking Alliance (NZBA) was established over four years ago but has struggled to keep its members since the election of US President Donald Trump, who has referred to climate change as a “hoax.”