2025 TORONTO — A global banking group that Prime Minister Mark Carney launched in 2021 to help fight climate change has voted to shut down.
A spokesperson for the UN-backed Net-Zero Banking Alliance says members voted to end the membership-based structure and instead use the climate guidance the group created as a reference.
As a result of the vote, the alliance is ending operations immediately.
Carney launched the group in his role as UN Special Envoy for Climate Action and Finance in the lead-up to the UN climate conference in 2021.