Mark Carney tells global banks they cannot ignore climate change dangers

clock • 3 min read

Financial sector warned it risks losses from extreme weather and its stakes in polluting firms

The global financial system faces an existential threat from climate change and must take urgent steps to reform, the governors of the Bank of England and France's central bank have warned, writing in...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Carbon intensity of global equity emissions fell by a third over past decade

Carbon intensity of global equity emissions fell by a third over past decade

London Stock Exchange Group study reveals corporate climate targets have become widespread, but overall emissions are still yet to fall

James Murray
clock 17 September 2026 • 3 min read
Majority of global investors say UK outperforms on renewables and clean tech

Majority of global investors say UK outperforms on renewables and clean tech

Latest EY clean tech investor survey finds the UK remains an attractive destination for international investors

Stuart Stone
clock 16 September 2026 • 3 min read
Study: Half a trillion pounds needed by 2040 to fund UK's clean energy transition

Study: Half a trillion pounds needed by 2040 to fund UK's clean energy transition

The UK's clean energy and net zero ambitions are achievable 'but only if financing structures evolve to unlock the scale of investment required', new Santander and Standard Life study claims

Michael Holder
clock 15 September 2026 • 5 min read