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Environment & Energy
Related: About this forumBank of England chief Mark Carney issues climate change warning
https://www.bbc.com/news/business-50868717Bank of England chief Mark Carney issues climate change warning
By Roger Harrabin
BBC environment analyst
2 hours ago
The world will face irreversible heating unless firms shift their priorities soon, the outgoing head of the Bank of England has told the BBC.
Mark Carney said the financial sector had begun to curb investment in fossil fuels but far too slowly.
He said leading pension fund analysis "is that if you add up the policies of all of companies out there, they are consistent with warming of 3.7-3.8C".
(snip)
Mr Carney added that the rise of almost 4C was "far above the 1.5 degrees that the people say they want and governments are demanding.
Scientists say the risks associated with an increase of 4C include a nine metre rise in sea levels - affecting up to 760 million people searing heatwaves and droughts, and serious food supply problems.
Mr Carney, who will next year start his new role as United Nations special envoy for climate action and finance, continued: The concern is whether we will spend another decade doing worthy things but not enough... and we will blow through the 1.5C mark very quickly. As a consequence, the climate will stabilise at the much higher level.
(snip)
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Bank of England chief Mark Carney issues climate change warning (Original Post)
nitpicker
Dec 2019
OP
Sherman A1
(38,958 posts)1. Well
Let's see if money talks and they start doing something about it?
hatrack
(59,587 posts)2. Uh, yeah, duh . . . .
Another of the powers that be finding access to reality on his way out the door.
ancianita
(36,060 posts)4. Good intentions & not enough will kill us. Earth & climate don't care how slow or fast we are.
Cicada
(4,533 posts)5. Small nuclear power reactors are urgently needed
This is doable technology. Lets do it. https://en.m.wikipedia.org/wiki/Small_modular_reactor
Duppers
(28,125 posts)6. Yes. This ⬆⬆