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Carney Says Capitalism Can Be Part of Climate Crisis Solution

Mark Carney

Mark Carney

Photographer: Simon Dawson/Bloomberg
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Bank of England Governor Mark Carney defended capitalism’s role in combating the global climate crisis.

In an interview with Channel 4 News in the U.K., he said changes in legislation, people’s behavior and realization of a need for change will make certain industries less profitable and offer opportunities in more climate-friendly efforts.