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flag 2050 net-zero commitments by banks show less progress than perceived, according to the World Resources Institute's Net Zero Tracker.

flag The World Resources Institute's Net Zero Tracker reveals that despite a growing number of banks committing to net-zero emissions by 2050, their progress is less ambitious than it seems, and they are not effectively meeting targets to reduce their financing of climate-harming activities. flag The Tracker evaluates banks' commitments based on transparency, ambition, implementation, credibility, and consideration of nature and equity issues, highlighting the need for stronger policies. flag With an annual $4 trillion investment required for clean energy alone by 2030, banks play a crucial role in driving positive change by prioritizing lending towards climate solutions and phasing out harmful financing.

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