January 19, 2020
Finance

Mark Carney named UN envoy for climate action

The United Nations has appointed Mark Carney, the governor of the Bank of England, as its special envoy for climate action and finance.

A Bank of England statement defined Carneys role as “galvanising climate action and transforming climate finance” before the U.N.s 2020 climate change summit, due to take place in Glasgow.

One of his main jobs will be to change the financial system to encourage more private investment in climate-protecting measures.

Making the announcement in Madrid the day before the COP25 climate summit kicks off, U.N. Secretary-General António Guterres told a press conference the worlds efforts to stop climate change have been “utterly inadequate” so far and warned of a danger global warming could pass the “point of no return.” The World Meteorological Organization said last week the levels of greenhouse gases in the Earths atmosphere reached a new record in 2019.

Carney, who has rRead More – Source

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