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Net zero goal ‘greatest commercial opportunity of our time,’ says Mark Carney
(Climate Change News, 27 Feb 2020) Every private finance decision must take into account climate change and how to decarbonise the world economy to net zero, incoming UN special envoy on climate action Mark Carney has told banks and investors
Setting out strategies to mobilise private finance ahead of the UN climate talks in Glasgow, or Cop26, Carney said such investments “could become the greatest commercial opportunity of our time”.
“The objective for the private finance work for Cop26 is simple,” he said, “to make sure that every private finance decision takes climate change into account.”
Appointed special advisor on climate finance to UK prime minister Boris Johnson, Carney, outgoing governor of the Bank of England, made the remarks at the heart of the City of London on Thursday.
“Achieving net zero emissions will require a whole economy transition – every company, every bank, every insurer and investor will have to adjust their business models,” he added.
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