Carney warns of ‘catastrophic’ climate risks to economy

Risks from extreme weather and a carbon asset bubble will threaten the economy without prompt action on decarbonisation and better disclosure, says the Bank of England chief

by Paul Hatchwell
Better company carbon disclosure will be crucial in driving action towards a lower risk low carbon economy, said Carney (photograph: Simon Dawson/Bloomberg)
Better company carbon disclosure will be crucial in driving action towards a lower risk low carbon economy, said Carney (photograph: Simon Dawson/Bloomberg)

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