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    Government’s mixed messages risk stalling financial sector on net zero – MPs

    by Rebecca Speare-Cole Nov 29, 2023 3 minutes
    Source: PA Archive

    The Government’s mixed messages on climate action risks stalling the financial sector’s net zero progress, MPs warned.

    In a 70-page report released on Wednesday, the Environmental Audit Committee (EAC) outlined findings and recommendations after holding an inquiry into the UK’s net zero transition and financial sector.

    The committee warned that progress made at Cop26 in Glasgow in 2021, including commitments to prioritise investment in low carbon industries and into protecting nature, could be undone.

    Global banks provided financing for approximately £586 billion towards fossil fuels

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