Capitalism is part of solution to climate crisis, says Mark Carney

clock • 3 min read

Bank of England governor says firms that ignore crisis 'will go bankrupt without question'

Capitalism is "very much part of the solution" to tackling the climate crisis, according to the governor of the Bank of England, Mark Carney. Challenged in an interview by the Channel 4 News presenter...

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 Risk

Study: Annual climate losses rise 10-fold this century to $1.4tr last year

Study: Annual climate losses rise 10-fold this century to $1.4tr last year

BloombergNEF analysis shows UK, Singapore, Canada, and Japan among those best prepared for worsening climate impacts, but global risks are rising fast

James Murray
clock 13 October 2025 • 4 min read
MPs warn awareness of flood risk remains 'dangerously low'

MPs warn awareness of flood risk remains 'dangerously low'

Environmental Audit Committee calls for creation of single national flood reporting and information service to help households and businesses combat rising flood risks

James Murray
clock 13 October 2025 • 4 min read
Study: Smaller UK pension schemes face greater exposure to climate risk

Study: Smaller UK pension schemes face greater exposure to climate risk

Simplified investment strategies mean smaller schemes face nearly twice the risk of negative performance, according to climate scenario modelling carried out by Broadstone

Holly Roach
clock 08 October 2025 • 2 min read