Mark Carney’s warning on climate change is timely, but it’s only a start | Larry Elliott

Environment The Guardian

The Bank of England governor spoke the language that the City would understand, but governments also need to embrace new ideas to help shift the dial Mark Carney got right to the heart of the matter in his message to the City about the risks of climate change: take global warming seriously or you will lose money. This is the sort of language foreign exchange dealers and derivatives traders understand. For the most part, they don’t tend to be eco warriors, even though their sons and daughters might be. What they care about is profit and loss, the good old bottom line. So that’s how the Bank of …

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