Mark Carney appointed as climate finance adviser

Will advise for COP26

Outgoing Governor of the Bank of England, Mark Carney, has been appointed by Prime Minister Boris Johnson to serve as finance adviser for the upcoming UN Climate Change conference (COP26) in Glasgow.

Carney has been brought in to "help build a sustainable financial system to support the transition to a net zero economy". His key focus will be to help achieve the 1.5°C goal of the Paris Agreement through mobilisation of "ambitious" action across the financial system. FCA's Bailey confirmed as Carney successor at BoE This will include building frameworks for financial reporting, risk management and returns in order to "embed climate considerations into every financial decision". Carney leaves the Bank of England in March and this role adds to those he has already accepted, inc...