Monday June 1, 2020

Carney’s climate comments are a wake-up call for investors

The outgoing governor of the Bank of England is right this time: fund managers must start thinking about the long term – and quickly

Ian Guider

Markets Editor

@ianguider
5th January, 2020
Mark Carney, the outgoing governor of the Bank of England has predicted that increasing global temperatures will render many investments worthless. Picture: Getty

Mark Carney, the outgoing governor of the Bank of England, has a mixed reputation when it comes to predictions. His belief that Brexit would have a dire impact on the British economy has, so far at least, proved wide of the mark. As for raising interest rates, after one increase he reversed course and actually ended up cutting them again.

His latest pronouncement, last week, that increasing global temperatures will render many investments worthless has...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Irish and British universities have discovered the fragility of their reliance on the huge fees paid by a seemingly limitless pool of international students, and will also have to ask themselves whether they are educational institutions focused on the public good, or primarily businesses focused on revenue raising

Deirdre Heenan | 1 day ago

The government instantly slapped down Michael O‘Leary for questioning the requirement of air travellers to self-quarantine for two weeks. But the lack of debate about the trade-off between Covid-19 risks and long-term damage to the economy is frustrating many businesses

Ian Guider | 1 day ago

It’s understandable that Michael O’Leary and other business leaders are lobbying for restrictions to be lifted immediately, but they cannot be allowed to undermine Nphet or determine policy

Elaine Byrne | 1 day ago