NZBA members are playing an important role in supporting the early phase work for the Indonesia and Vietnam Just Energy Transition Partnerships (JETPs), focusing on the policy, projects and financing solutions needed to mobilise private capital.NZBA members are also active participants in GFANZ’s partnership with the World Bank, the Private Sector Investment Lab, and its partnership with the African Development Bank, the Climate Action Partnership. NZBA’s continued growth demonstrates the banking sector’s commitment to support￾ing the transition. Since its launch in April 2021, membership of the Alliance has more than tripled, with 20 new members joining in the twelve months to the end of September 2023 taking total membership to 136 member banks collectively representing over 40% of global banking assets. Diversity is a key feature of the Alliance, giving it firsthand insight into the transition challenges and opportunities in different regions. The global membership includes 71 banks from Europe, 28 banks from Asia Pacific, 17 banks from North America, 16 banks from Latin America, and four banks from the Middle East and Africa. Although the pathway to 1.5°C has narrowed since NZBA’s launch, the upshot is that “we know what we need to do—and how to do it,” says IEA Executive Director Fatih Birol.3 NZBA members will continue to play their supporting role, but future progress will equally depend on governments following through on their own policy commitments and corporates implementing their transition plans. All strands of the economy must accept the challenge of raising their ambitions and accelerating implementation if we are to reach net zero by 2050.