Mark Carney has been appointed as UN special envoy for climate action and finance as he prepares to step down as governor of the Bank of England in January.
Image: World Economic Forum. CC BY 2.0
Carney replaces billionaire Michael Bloomberg in the part-time pro bono climate action role after the former New York mayor stepped down to focus on the US presidential race.
The governor has been signed up to galvanise action among financial institutions ahead of the 26th round of global climate talks in November 2020. His main focus will be on mobilising private finance to invest in schemes that will help achieve the Paris climate agreement goal of limiting global temperature rises to 1.5C.
His remit will include building frameworks for financial reporting