The Net-Zero Banking Alliance (NZBA) formed in the spring of 2021 to great fanfare. Banks in the alliance made a voluntary commitment, signed by their CEO, to set and publish targets that are aligned with pathways for net zero by 2050, reduce emissions associated with their material financing activities in carbon-intensive sectors, and develop transition plans to achieve the targets.
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The pervasiveness of artificial intelligence (AI) appears to be inescapable – AI bots are integrated into smart phones; internet searches are completed by AI assistants such as by Alphabet’s Gemini AI model. What’s more, the market for AI products and services is predicted to grow – and fast.
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