The Globe and Mail reports in its Friday, March 7, edition that National Bank of Canada aims to reach $20-billion in renewable energy lending commitments by 2030 as part of its net-zero emissions initiative. A Canadian Press dispatch to The Globe reports that this target represents almost $10-billion in new renewable lending over the next six years. Since 2019, the bank has tripled its funding to $15-billion, surpassing its exposure to non-renewable energy. The new goal highlights its commitment to reduce emissions intensity in its power generation portfolio by a third by the decade's end, despite the U.S. government working to roll back clean energy supports. Paris Compliance's Renaud Gignac said, "National surpasses most other Canadian banks in specificity, focusing on renewables as opposed to vague 'sustainable finance' commitments." He noted National Bank's target also surpasses the $15-billion renewable funding target RBC announced last year, despite National being a much smaller bank. It is still unclear what the scale of the pullback in U.S. funding will be. The report also lists numerous climate initiatives National Bank is part of, but missing from that list is the UN-backed Net-Zero Banking Alliance.