Bank of England's Carney to become UN envoy on climate action and finance
World+Biz
01 December, 2019, 09:35 pm
Last modified: 01 December, 2019, 09:43 pm
UN Secretary General Guterres described Carney as “a remarkable pioneer in pushing the financial sector to work on climate”
Governor of the Bank of England Mark Joseph Carney makes remarks during a "Governor Talks" session of the IMF and World Bank's 2019 Annual Meetings of finance ministers and bank governors, in Washington, October 18, 2019. REUTERS/Mike Theiler
Bank of England Governor Mark Carney will become the United Nations special envoy on climate action and climate finance from 2020, UN Secretary General Antonio Guterres said on Sunday.
Speaking at a news conference ahead of a climate summit in Madrid from December 2-13, Guterres described Carney as "a remarkable pioneer in pushing the financial sector to work on climate".
Carney, who is due to step down as head of the Bank of England in January, has urged the financial sector to transform its management of climate risk, and led various international initiatives to improve supervision and disclosure.
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