Bank of England head warns of ‘catastrophic’ climate change

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Series Details 30.09.15
Publication Date 30/09/2015
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Mark Carney, the head of the Bank of England, stated on 29 September 2015 that climate change would lead to global financial crises, and long-term declines in wealth, unless world leaders urgently sealed a deal to limit it.

Mr Carney was speaking to business leaders in a speech in London after the publication of a report by the bank on the impact of climate change in the insurance sector. The statement came as world leaders tried to find common group for a climate agreement to be signed in November 2015, in Paris.

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ESO: Paris Climate Change Conference, November-December 2015
Bank of England: The impact of climate change on the UK insurance sector [Report, 2015]
BBC News, 29.09.15: Bank of England's Carney warns of climate change risk
The Guardian, 29.09.15: Carney warns of risks from climate change 'tragedy of the horizon'

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