Climate change is destroying assets on a staggering scale. Mark Carney, former head of the Bank of England, describes in this incisive article how the rapid pace of global warming is exerting significant stress on the world’s economies. He also explains the foundation of “a new, sustainable financial system” that will put environmental risk at the center of capital allocation decisions. Financial professionals looking for a firm grounding in this field will appreciate Carney’s succinct but informative map.
About the Author
Mark Carney is an economist and the former governor of the Bank of England.