By David Lawder NEW YORK (Reuters) - The U.S. Treasury on Tuesday released new principles for
"net-zero" financing commitments from banks and asset managers on Tuesday, saying they should align withSaltWire's Atlantic regional weather forecast for September 19, 2023 | SaltWireNEW YORK - The U.S. Treasury on Tuesday released new principles for"net-zero" financing commitments from banks and asset managers on Tuesday, saying they should align with goals to limit the global average temperature increase to 1.
The Treasury also announced that several philanthropic groups have pledged $340 million to help develop research, data and technical resources intended to help financial institutions develop and execute"robust, voluntary net-zero commitments." Groups included in these commitments include the Bezos Earth Fund, Bloomberg Philanthropies, Climate Arc, ClimateWorks, Hewlett Foundation, and Sequoia Climate Foundation.
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