Trump Treasury Department Exits Global Climate Alliance Pushing Green Mandates on Financial Sector
1st February 2025
The Treasury Department withdrew the United States from a global climate alliance that was launched to push the financial sector to adopt green mandates.
The so-called Network of Central Banks and Supervisors for Greening the Financial System was originally created to pressure banks and financial institutions to meet sweeping global climate targets, many of which have been set during United Nations summits. The Treasury Department said late Thursday that the alliance’s mission doesn’t align with the Trump administration’s “priorities to grow the U.S. economy and American jobs.”
The announcement is part of the Trump administration’s move to exit what it considers to be harmful global climate agreements. And it is the latest signal to the international community that the United States under Trump’s leadership will seek to prioritize domestic energy production over commitments to bolster green energy and fight global warming.