Financial institutions will, for the first time, be able to set science-based targets aligned with net-zero, following the release of the Science Based Targets initiative's (SBTi) Financial Institutions Net-Zero Standard.
UN Secretary-General António Guterres and Brazilian President Luiz Inácio Lula da Silva have brought together 17 national leaders from major economies and climate-vulnerable countries to accelerate global climate ambition. The purpose was to build momentum for stronger national climate plans to be announced in 2025.