Banks have voluntarily committed to align their lending portfolios with a net zero path toward
a decarbonized economy. In this review, we explore the economic channels for why portfolio …

We study whether exit policies by financial institutions have financial and real consequences
on the firms they target, using bank coal exit policies as a laboratory. In contrast to theories …

Executive summary Global emissions are on the wrong trajectory, continuing to rise when
they urgently need to decline to meet the Paris Agreement's goals. Achieving these targets …

Executive summary It will be impossible to contain the global temperature rise to 1.5 to 2
degrees Celsius above pre-industrial levels unless emerging market and develo** …