Mark Carney has set out what is effectively a roadmap for climate investment in a post-coronavirus world, telling investors that sustainability must “win the peace”.
Picking up on UK Prime Minister Boris Johnson’s remarks that the struggle against Covid-19 is like a war, Carney told the Investor Network on Climate Risk event this week: “The challenge on our topic is that we need to win the peace and that may not be easy.”
“What we’re looking to do,” Carney said at the end of his prepared remarks, “is help build the foundations of a system that will be able to seize the opportunity to net zero.”
The event, held online, was co-hosted by Ceres, the United Nations Foundation and the United Nations Office for Partnerships.
Carney is the former Bank of England Governor who is now both the United Nations Special Envoy for Climate Action and Finance and the UK government’s Finance Adviser for COP26; his wide-ranging remarks included: