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International Update Volume 51, Issue 16

BANK OF ENGLAND AIMS FOR NET ZERO CARBON EMISSIONS BY 2050

United Kingdom

On June 3, the Bank of England (BoE)’s Governor, Andrew Bailey, stated the bank would seek to cut greenhouse gas emissions associated with running its physical offices and printing banknotes to net zero by 2050 “at the latest.” The decision is in line with a larger push by the United Kingdom to improve its climate action agenda ahead of the upcoming United Nations Climate Change Conference (COP26), to be hosted by the country in Glasgow later this year (Reuters and