Firms ignoring climate crisis will go bankrupt, says Mark Carney
Publish Date: 10/13/2019
News Source: The Guardian
Mark Carney, governor of the Bank of England: “Some [assets] will go up, many will go down. The question is whether the transition is smooth or is it something that is delayed and then happens very abruptly. That is an open question … The longer the adjustment is delayed in the real economy, the greater the risk that there is a sharp adjustment.”
