Carney defends financial sector’s record on climate action

Mark Carney
Mark Carney

Mark Carney today (January 21) sought to defend the financial sector from accusations that it was not doing enough to support a green transition.

Financial firms were in a position to “pull forward” a transition to a more sustainable economy by allocating capital to green projects, the Bank of England governor said. But he added finance would be able to act much more powerfully if governments took clear and credible action on climate change.

Carney’s fellow panellists at the World Economic

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