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Despite net-zero pledges, banks and asset managers, funds and governments continue to give trillions of dollars to the fossil fuel industry. Here’s which interests and mechanisms are behind that – and how change the system for the better. #NetZeroBanking #Divestment #PlanetA We're destroying our environment at an alarming rate. But it doesn't need to be this way. Planet A explores the shift towards an eco-friendly world — and challenges our ideas about what dealing with climate change means. We look at the big and the small: What we can do and how the system needs to change. We'll take a truly global look at how to get us out of this mess. Follow Planet A on TikTok: https://www.tiktok.com/@dw_planeta?la... Credits: Reporter: Jonas Mayer Video Editor: Markus Mörtz Camera: Neven Hillebrands Supervising Editors: Malte Rohwer-Kahlmann, Kiyo Dörrer Fact check: Jeannette Cwienk Thumbnail: Em Chabridon Chapters: 0:00 Intro 0:32 A really profitable business 4:10 Green promises, fossil realities 6:23 Divestment 9:36 Why regulation is needed 10.53 What now? Read more: Study: “The challenge of phasing-out fossil fuel finance in the banking sector”: https://www.nature.com/articles/s4146... Report: “Banking on Climate Chaos 2024”: https://www.bankingonclimatechaos.org/ The International Monetary Fund on fossil fuel subsidies: https://www.imf.org/en/Blogs/Articles... The Global Fossil Fuel Divestment Committment Database: https://divestmentdatabase.org/ Study: “The finance perspective on fossil fuel divestment”: https://www.sciencedirect.com/science... Report: “Third Annual Energy Supply Investment and Banking Ratios”: https://about.bnef.com/blog/third-ann...