Climate Changed
Scared Central Banks Face Up to Threats From Climate Change
- Policy makers are recognizing threats to growth, stability
- BOE, Bundesbank and PBOC leading global initiatives on climate
Photographer: Ali Arif/AFP via Getty images
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Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the great and good of the British insurance industry.
“I’m going to give you a speech without a joke, I’m afraid,” Carney began his remarks on the night of Sept. 29, 2015, at Lloyd’s of London. “So charge your glasses and prepare yourself because I’m going to talk about a serious subject.”