Story perspectives

Bank Climate Commitments Wane Amid Regulatory Concerns

10/22/2025

Summary

Banks Ignore Climate Commitments

Major banks have not committed to halting funding for new oil, gas, or coal projects.
A study by the TPI Global Climate Transition Centre found that most banks have weakened their climate policies.
The Net-Zero Banking Alliance (NZBA), a U.N.-sponsored initiative, disbanded after losing members, particularly following U.S. President Donald Trump’s election.
Experts say the collapse may lead to increased regulation of financial investments in high-emission industries.

Summary

Caroit Champions Climate Finance

Eleonore Caroit, France's new development minister, reaffirmed France's commitment to the World Bank's 45% climate finance target, despite opposition from the U.S. President Donald Trump.
In Washington, Caroit emphasized aligning climate action with global development goals.
She highlighted collaboration on nuclear energy and resilience projects for sustainable growth.
Ahead of France's 2026 G7 presidency, Paris aims to maintain the World Bank's climate mandate amid rising tensions.

1 of 2

Banks Ignore Climate Commitments

Major banks have not committed to halting funding for new oil, gas, or coal projects.
A study by the TPI Global Climate Transition Centre found that most banks have weakened their climate policies.
The Net-Zero Banking Alliance (NZBA), a U.N.-sponsored initiative, disbanded after losing members, particularly following U.S. President Donald Trump’s election.
Experts say the collapse may lead to increased regulation of financial investments in high-emission industries.

1 / 2