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.
"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.