Setting climate targets for financing the oil and gas sector – United Nations Environment – ​​Finance Initiative

“Setting Climate Targets for Oil and Gas Financing” is the fourth in a series of publications from members of the Net-Zero Banking Alliance (NZBA) that aims to help banks by outlining the choices they make when setting climate targets for financing across sectors. real economy.

This report provides an overview of design choices relevant to banks setting Scope 1, 2 and 3 emission reduction targets associated with their financing of the oil and gas sector. While the report examines the methodology for setting climate targets for oil and gas sector financing, it does not recommend any particular methodology or impose any requirements on NZBA banks beyond the commitments each bank has chosen to make by becoming a member.

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