Tag: Green Finance
openDemocracy, November 2021
Mark Carney, the rockstar central banker and heartthrob of global finance, likes to stay busy. Since completing his tenure as governor of the Bank of England in March 2020, the 56-year-old Canadian has taken on a glittering array of roles: UN special envoy for climate action and finance; finance adviser to the UK’s COP26 presidency; vice-chair at Brookfield Asset Management, one of the largest ‘alternative’ investment companies on earth; and board member at Stripe, an Irish-American fintech firm. In December, Carney delivered the BBC’s prestigious Reith Lectures. In March, he published a book, Value(s): Building A Better World For All.
Carney also put in an appearance at the COP conference in Glasgow, where he announced that a coalition of banks worth $130trn had agreed to put climate change at the centre of their work – a pledge many have questioned, as it fails to include any kind of commitment to stop financing the extraction of fossil fuels, something the International Energy Agency says must happen by the end of this year.