落基山研究所：2025年重新校准银行在能源转型中的作用报告（英文版）

We are at an important inflection point in climate finance. Net-zero-aligned targets set with good intentions are now met with challenges from all sides — technical, economic, legal, and reputational. While some fear a retreat in ambition, we see this as an opportunity to check our assumptions, ask better questions, and ultimately chart a new path forward. We need a recalibration — one that will ensure that the role of banks in the energy transition is rightsized to focus on deals, not just d