Carney’s UN-Backed Green Bank Alliance Pauses Activities While Members Vote on ‘New Framework’

A global green bank alliance, which Prime Minister Mark Carney helped create, is pausing its activities while its members vote on whether the alliance will be restructured following the withdrawal of numerous members.

The United Nations-backed Net-Zero Banking Alliance (NZBA) says it has initiated a vote for its member banks to decide on a proposal to transition “from a membership-based alliance to establishing its guidance as a new framework initiative.” The decision to initiate the vote was based on member input, the alliance says.