The Net-Zero Insurance Alliance (NZIA) has ditched all requirements for members to set or publish greenhouse gas emission-reduction targets, the UN said on Wednesday, a major rewrite of its rules after US political pressure led to a member exodus. The NZIA is one of several United Nations-backed alliances that are supposed to coalesce financial institutions to drive efforts towards reaching net-zero carbon emissions by 2050. But the group has come under pressure this year from some Republican politicians in the United States, who accuse it of violating antitrust rules and pushing up insurance costs. More than half of NZIA's members, fearing a regulatory and litigation
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