Climate change could render assets ‘worthless’, Bank of England governor warns
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Climate change could render assets ‘worthless’, Bank of England governor warns
Climate change could render assets ‘worthless’, Bank of England governor warns
Climate breakdown could render investments held by millions of people “worthless”, the outgoing governor of the Bank of England has warned.
Mark Carney suggested the financial sector had not yet woken up to the looming crisis and was “not moving fast enough” to divest from fossil fuels.
Mr Carney – who will become the UN’s special envoy for climate action and finance in February 2020 – made the comments to the BBC’s Today programme for a segment guest-edited by Greta Thunberg and to be broadcast on Monday.
https://www.independent.co.uk/environment/climate-change-finance-assets-worthless-mark-carney-bio-divestment-a9263861.html
Climate breakdown could render investments held by millions of people “worthless”, the outgoing governor of the Bank of England has warned.
Mark Carney suggested the financial sector had not yet woken up to the looming crisis and was “not moving fast enough” to divest from fossil fuels.
Mr Carney – who will become the UN’s special envoy for climate action and finance in February 2020 – made the comments to the BBC’s Today programme for a segment guest-edited by Greta Thunberg and to be broadcast on Monday.
https://www.independent.co.uk/environment/climate-change-finance-assets-worthless-mark-carney-bio-divestment-a9263861.html
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