Wednesday, January 20, 2021
GMO test
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Investing
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • Jobs
    • The Green Economy
    • GDP
  • Energy
    • Solar
    • Wind
    • Fossil Fuels
    • Renewables
  • Environment
    • Emissions
    • Wildfires
    • Biodiversity
    • Extreme Weather
  • Technology
    • Food
    • Health
    • Buildings
    • Renewables
    • Carbon Capture
    • Transportation
    • Climate Change
  • Social Change
    • Activism
    • Education
    • Psychology
No Result
View All Result
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Investing
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • Jobs
    • The Green Economy
    • GDP
  • Energy
    • Solar
    • Wind
    • Fossil Fuels
    • Renewables
  • Environment
    • Emissions
    • Wildfires
    • Biodiversity
    • Extreme Weather
  • Technology
    • Food
    • Health
    • Buildings
    • Renewables
    • Carbon Capture
    • Transportation
    • Climate Change
  • Social Change
    • Activism
    • Education
    • Psychology
No Result
View All Result
GMO test
No Result
View All Result
Home Uncategorized

Meet Canadian Mark Carney the New UN Special Envoy for Climate Action

by Richard Matthews
December 5, 2019
in Uncategorized
0

On December 1, 2019, Secretary-General António Guterres announced that Mark Carney, is to become the UN’s new Special Envoy for Climate Action. Carney replaces Michael Bloomberg, the billionaire owner of the Bloomberg financial data and news service and former New York City mayor.


Describing the Canadian as “a remarkable pioneer in pushing the financial sector to act on climate”, Mr. Guterres said the
new envoy will focusing on mobilizing private finance, towards limiting global warming to the key 1.5 degrees mark.

Carney has been an advocate of environmentally sustainable finance for many years and he has worked to prioritize mainstreaming climate friendly funds in the G20. He is the former governor of the Bank of Canada and he is currently the head of the Bank of England where he has warned investors about the dangers of fossil fuels. He acknowledges that we cannot burn most of the known fossil fuel reserves and he has cautioned investors about the
long-term threats and the risks of stranded assets. In his new job Carney is expect to work on financial instruments that facilitate the transition to a net zero economy. Do to do this he will need to build frameworks for financial reporting,
risk management and returns.

Carney recently told the Guardian that companies that do not reign in their carbon emissions will drive investors away. Carney did not mince words when he warned that firms that fail to address this reality will go bankrupt. Carney pointed to US coal companies that have lost 90 percent of their value. He also indicated that banks with too much exposure to companies on the wrong side of the climate equation are also at risk.

Carney is also aware of the need to expedite climate action. He has indicated that the the longer we wait to make the
required global transition the more likely we are to experience abrupt financial collapse. Carney pointed to extreme weather events and government regulations leading to asset devaluation. He warned that that are $20 trillion worth of assets at risk if we fail to address climate change. He also pointed to big upside potential from those involved in climate action. Carney has suggested that investors should support innovation, artificial intelligence in energy systems and more reliance on advanced materials like graphene.

ShareTweetShare
Previous Post

Facts Don’t Matter to Trump

Next Post

The Limitations of Zero Emission All Electric Planes

Related Posts

Unprecedented Wildfires in 2020 are Connected to Climate Change

by Richard Matthews
December 29, 2020
0

The intense wildfires that raged across the Western U.S., South America, and Australia in 2020 are being attributed to climate change. What makes these fires unprecedented is their size and...

American Courts are Defending Democracy and the Environment

by Richard Matthews
December 14, 2020
0

Despite unprecedented challenges, America's legal system has held. In recent weeks the courts have repeatedly defended democracy and in the last four years they have overturned a wide range of environmental...

Boycott Culture and Brand Influence During Trump’s Presidency and Beyond

by Richard Matthews
December 8, 2020
0

Brands wield enormous influence over popular culture and whether they are pursuing core social values or trying to preempt boycotts, brands are finding it harder to ignore social, environmental and political...

Next Post

The Limitations of Zero Emission All Electric Planes

Leave a Reply Cancel reply

Follow Us

  • Facebook
  • Twitter
  • Email
  • LinkedIn
  • Reddit
  • SoundCloud

Subscribe to the Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

American Politics

Taking Stock of Trump’s Dismal Legacy

by Richard Matthews
January 19, 2021
0

The presidency of Donald J Trump ended as it began, with dysfunction and narcissistic self-preoccupation. Trump's presidency is a stain that...

Read more

Corporate America’s Break Up with Trump & the GOP

January 15, 2021

Climate Change is Fueling Deadly Extreme Weather and Costly Climate Disasters

January 13, 2021
protected areas and new species on the map of the world

Summary of Positive Biodiversity Stories

January 11, 2021
images of extreme weather events

Long Term Warming Trends Tell Us What We Need to Know

January 9, 2021
  • Business
  • Economy
  • Energy
  • Environment
  • Investing
  • Politics
  • Technology
  • Social Change

© 2021 Copyright The Green Market Oracle.

No Result
View All Result
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • GDP
    • Jobs
    • The Green Economy
  • Energy
    • Fossil Fuels
    • Renewables
    • Solar
    • Wind
  • Environment
    • Emissions
    • Biodiversity
    • Extreme Weather
    • Wildfires
  • Investing
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Technology
    • Buildings
    • Carbon Capture
    • Climate Change
    • Food
    • Transportation
    • Health
    • Renewables
  • Social Change
    • Education
    • Activism
    • Psychology
    • Marches

© 2021 Copyright The Green Market Oracle.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In