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Net zero crisis: the financial sector hesitates but science persists
09/09/2025
At the beginning of 2025, while the world was experiencing record temperatures, major US financial institutions such as BlackRock and J.P. Morgan were withdrawing from net zero alliances under the threat of President Trump’s anti-climate shift and the ensuing legal action. Other players soon followed suit, and some European banks began to reevaluate their participation. Do these developments spell the end of net zero?