Carney says over $130 trillion of capital now pledged to net zero

Prince Charles speaks at the COP26 conference in Glasgow
Karwai Tang/ UK Government

Mark Carney has hailed a milestone for private financing of the transition to net zero carbon emissions, even as leaders from rich countries admit they have fallen short of financing targets.

Former Bank of England governor Carney said today (November 3) he had brought together firms that control over $130 trillion in assets to help finance the transition to net zero.

The figure is higher than the $100 trillion Carney had been targeting, but it remains unclear exactly how much of the total

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