Global Warming Cooldown: Net-Zero Banking Alliance Melts Away after Member Exodus
Supporters of “climate crisis” policy activism assert this isn’t a set-back, but a “strategic course correction”.
Back in January, there were signs that the globalists’ plans to impose their green utopia on the world were in deep trouble.
At that time, six major U.S. banks withdrew from the United Nations-guided Net Zero Banking Alliance (NZBA), a UN-backed coalition of banks that were committed to aligning their financial activities with net-zero carbon emissions goals by 2050.
It turns out it wasn’t the Earth’s climate that was in crisis, but the progressives’ political one. Now the NZBA has officially ceased operations.
This marks the end of a potentially disastrous, power-grabbing climate finance initiative which, at its peak, included nearly 150 banks representing over 40% of global banking assets.
The alliance, set up in 2021, was the banking industry’s main body leading the sector’s global effort to cut carbon emissions. An overhaul was proposed in August after many big banks left, to create a “framework initiative” rather than a membership-based organisation.
“As a result of this decision (vote), NZBA will cease operations immediately,” a spokesperson for the group said.
Its resources, developed over several years, will remain accessible to banks seeking guidance on how to set decarbonisation targets.
“The Guidance for Climate Target Setting for Banks and supporting implementation resources are the most widely used global banking framework focused specifically on setting decarbonisation targets and will remain publicly available,” the spokesperson said.
Supporters of “climate crisis” policy activism assert this isn’t a setback, but a “strategic course correction“.
While noting that the NZBA announcement “may seem like a setback for global progress,” Gill Lofts, Global Financial Services Sustainable Finance Leader at EY noted that it also presents a new opportunity for banks to drive the net zero transition, reflecting “a pragmatic and transparent reassessment of the scientific, economic and political realities we face today.”
Lofts added: “This shift is not a retreat from climate action, but a strategic course correction that opens the door to broader global participation, particularly from banks in emerging markets and the global south that were previously unable to meet the commitment. The new framework will foster inclusivity and emphasize implementation through technical capability building and engagement with policymakers – critical foundations for driving real progress.”
However, most normal people are delighted that another green activist plan is melting into a puddle of leftist tears. More and more people have become aware of the pseudoscience that the climate-media complex has created, and are onto the financial manipulations that are nothing more than a wealth redistribution scheme.
𝗡𝗲𝘁-𝗭𝗲𝗿𝗼 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗔𝗹𝗹𝗶𝗮𝗻𝗰𝗲 𝘁𝗼 𝗦𝘁𝗼𝗽 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗔𝗳𝘁𝗲𝗿 𝗠𝗲𝗺𝗯𝗲𝗿 𝗘𝘅𝗼𝗱𝘂𝘀
The Net-Zero Banking Alliance (NZBA), a global group pushing banks to adopt climate targets, is shutting down after a wave of member departures. Major players… pic.twitter.com/caAQTzWue5— Watts Up With That (@wattsupwiththat) October 3, 2025
I will simply point out that the Iron Law of Electricity remains undefeated.
The Iron Law of Electricity remains undefeated (hat-tip @pwrhungry) https://t.co/U8gGIr6OAO
— Leslie Eastman ☥ (@Mutnodjmet) October 4, 2025
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Comments
Nice title! Reminds me of the demise of the Wicked Witch of the West.
‘Supporters of “climate crisis” policy activism assert this isn’t a setback, but a “strategic course correction“.’
The parrot isn’t dead, it’s just resting.
Monty Python: It’s just a flesh wound!
30 years ago climatards: We’re all gonna die from global warming in 5 years!
20 years ago climatards: We’re all gonna die from global warming in 5 years!
10 years ago climatards: We’re all gonna die from global warming in 5 years!
Banks, yesterday: Uh, there’s no ROI in this stuff, so no more money for you climatards.
“Oh, ok. ‘Strategic course correction’, then. No rush. We can wait for money. Take your time.”
Feffing climatards should all be in prison.
Good riddance!
About time reality kicks the climate change fanatics. We’re tired of this distortion of data accompanied by grift and graft.
They’ll be back!
I took weather for a month in 7th grade in a public school on a small island. The teacher was Mrs Savage. A science major in physics and from our island. We learned a great deal. Historical and current, cloud formations and rain. Wind and why. They effect of sunspots. After that month we moved on to the next subject. The planets and their climates. 8 subjects in all. Each with a test on Friday, grades passed out on Monday.
It taught me enough to know Anthropgenic Catastrophic Global Warming was a hoax.
If banks are backing away, it’s only because they can’t make money off the grift in this case. They and other investors and institutions don’t care one way or the other the about the underlying climate change fraud,. Subsidies and credits were just a means to make money. Get back to me when utilities stop their insane push to renewables. And the government exploiters in Europe ain’t done yet either, although economic realities may convince them soon.
Concise:
I would venture to guess that these banks were not simply not MAKING money from this scam, but they were actively LOSING large sums of money.
If the banks are publicly owned (by shareholders) then they would be facing massive regulatory investigations on why they are squandering the shareholder’s monies. They are probably acting preemptively to prevent shareholder lawsuits and federal investigations.
“This marks the end of a potentially disastrous, power-grabbing climate finance initiative”
Oh, you sweet summer child. Actions speak louder than words; let’s see how many cattle producers’ loans they call in this year.
Al Gore said, in 2008 , that the Arctic Ocean would be ice free by 2013.
Sounds like the preacher in our community who confidently claimed that all Competent Biblical scholarship proved that the end was nigh and the rapture imminent. Date always just happened to be shortly after his latest upcoming “last chance” Revival.