Bank of England head warns of ‘catastrophic’ climate change

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Series Details 30.09.15
Publication Date 30/09/2015
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Mark Carney, the head of the Bank of England, stated on 29 September 2015 that climate change would lead to global financial crises, and long-term declines in wealth, unless world leaders urgently sealed a deal to limit it.

Mr Carney was speaking to business leaders in a speech in London after the publication of a report by the bank on the impact of climate change in the insurance sector. The statement came as world leaders tried to find common group for a climate agreement to be signed in November 2015, in Paris.

Source Link Link to Main Source http://www.euractiv.com/sections/climate-environment/bank-england-head-warns-catastrophic-climate-change-318110
Related Links
ESO: Paris Climate Change Conference, November-December 2015 http://www.europeansources.info/record/paris-climate-change-conference-november-december-2015/
Bank of England: The impact of climate change on the UK insurance sector [Report, 2015] http://www.bankofengland.co.uk/pra/Documents/supervision/activities/pradefra0915.pdf
BBC News, 29.09.15: Bank of England's Carney warns of climate change risk http://www.bbc.co.uk/news/business-34396961
The Guardian, 29.09.15: Carney warns of risks from climate change 'tragedy of the horizon' http://www.theguardian.com/environment/2015/sep/29/carney-warns-of-risks-from-climate-change-tragedy-of-the-horizon

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