30 Sep '15, 7am

Mark Carney warns of risks from climate change 'tragedy of the horizon'

Mark Carney warns of risks from climate change 'tragedy of the horizon'

Mark Carney, the governor of the Bank of England, has warned that climate change will lead to financial crises and falling living standards unless the world's leading countries do more to ensure that their companies come clean about their current and future carbon emissions. In a speech to the insurance market Lloyd's of London on Tuesday, Carney said insurers were heavily exposed to climate change risks and that time was running out to deal with global warming. FURTHER READING Is Shell suddenly poised to become a climate leader? UK government backs African 'solar energy revolution' The governor said that proposals would probably be put to the G20 meeting in Turkey in November urging the world's leading developed and developing countries to bring in tougher corporate disclosure standards so that investors could better judge climate change risks. "The challenges currently p...

Full article: http://www.businessgreen.com/bg/news/2428158/mark-carney-...

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