LONDON - Financial services have been too slow to cut investment in fossil fuels, a delay that could lead to a sharp increase in global temperatures, Bank of England Governor Mark Carney said in an interview broadcast on Monday.
Carney, due to become the United Nations’ special envoy for climate change next year when he steps down from the bank, told BBC radio that global warming could render the assets of many financial companies worthless. “The concern is whether we will spend another decade doing worthy things but not enough... and we will blow through the 1.5C mark very quickly,” Carney said in a radio program guest edited by teenage environmental campaigner Greta Thunberg.Carney said the financial sector had made a lot of progress in disclosing the risks to their assets from climate change, but he warned that progress was not fast enough.“To deliver, there needs to be shared understanding about what’s necessary.
He is obviously looking for another job...
That ppl think “finance” is the answer in climate regs, politics, foreign policy, etc, lets you know how truly banal global leadership has become.
Carney is a clown, he has made so many predictions on the UK economy and none...NONE of them have been close. he is seen as a total fool in the UK..
He should print some more money. It's his solution to every other problem.
This man should be sacked for spreading false news !
Another prediction from Carney that, like ALL of the others, will turn out to be nonsense.
What qualifications does Mark Carney have in this field please?
bankofengland & Ecb should have 10 years ago. They stimulate all filth that they could. And now acting ....faster Amateurs lagarde
well, put it in the script then.. you know actors.
He got everything about Brexit wrong. The world has no need for woke central bankers.
Carney always in front of the curve....
Anyhow he is better than the ECB-chiefs. He did not ruin the British savers with negative interest rates.
Problem is, that 60 mill. low-IQ-americans can destroy Mother Earth for 7 bill. non-americans.
Financing for : water recycling, plastic reycling and so on
He’s a globalist mouthpiece