The outgoing head of the Bank of England, Mark Carney, warned on Monday (30 December) that the shift in the financial sector towards sustainability is far too slow.
Carney, who will take up a role next year as the United Nations special envoy for climate action and finance, said that the stated efforts to curb funding in fossil fuels have been "not shifting sufficiently quickly" and the assets in the sector could end up "worthless".
Carney pointed out that companies and financial ...
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Already a member? Login hereElena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.
Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.