Showing 1-2 of 2 Sort by
Amid a series of climate agreement exits since United States president Donald Trump took office, United Nations (UN) executive climate secretary Simon Stiell has said that the renewables shift is “unstoppable” and in every nation’s self-interest.
*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' .
**Photo credit: Isabela Castilho/ COP30 Amazônia
The commitment of major US financial institutions to net-zero goals is facing increasing challenges. Following Goldman Sachs and Wells Fargo, Morgan Stanley, Citigroup and Bank of America also announced by the end of 2024 their decision to exit the United Nations' Net-Zero Banking Alliance (NZBA).
Morgan Stanley, Citigroup and Bank of America issued separate statements announcing their withdrawal but emphasized their continued dedication to achieving net-zero targets.
**Photo credit: iStock