Mark Carney appointed finance adviser for COP26

Mark Carney, the outgoing Bank of England governor, has been appointed as the finance adviser for the UN’s climate change conference, COP26, to be held in Glasgow in November.

After appointing Carney to the role during a meeting at Downing Street yesterday, prime minister Boris Johnson claimed the governor's expertise would “help the UK to lead in mobilising businesses and investors to support our net zero revolution”.

Carney, who warned in a Channel 4 interview in August that companies not preparing for the UK’s transition to a net-zero economy would “go bankrupt, without question”, said he was “honoured” at the appointment.

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