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Groups Urge PM Carney to Act on Climate Finance Risk, 10 Years After Key Speech
- Global organizations urged Prime Minister Mark Carney to reform the financial system regarding climate finance risks in an open letter after ten years since his significant speech.
- Ten years ago, the financial sector was warned about climate risks, but it did not act decisively, leading to current instability and potential collapse.
- Canada is lagging in climate finance policy compared to international peers, according to the open letter.
- A report by BloombergNEF revealed that Canada's major banks financed approximately US$145 billion in fossil fuels last year, compared to US$75 billion in low-carbon energy.
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15 Articles
Winnipeg Free Press+12 Reposted by 12 other sources
Groups urge PM Carney to act on climate finance risk, 10 years after key speech
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Exactly ten years after a famous speech in which Mark Carney alerted the world's big banks to the financial risks of climate change, Canadian, European and American organizations published an open letter calling for a reform of the financial system. On 29 September 2015, a few weeks before COP21 in Paris, Mark Carney warned the world's big financiers, in a speech at Lloyds of London, that financial mechanisms had to be put in place to avoid "a t…
Ten years ago, Mark Carney highlighted the financial risks associated with climate change. The post A call to reform the financial system to avoid the "troged horizons" appeared first on Les Affaires.
Coverage Details
Total News Sources15
Leaning Left6Leaning Right0Center3Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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