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Financing 1.5°C: The Big Banks have Set Climate Targets—Now What?

A lot has happened in the financial sector since RMI launched the Center for Climate-Aligned Finance (the Center) a year ago. Particularly in North America, banks increased their climate ambitions: As of June 2020, not one of the 10 largest private banks (by total assets) across the United States and Canada had made a 2050 net-zero commitment.