Bank of England chief Mark Carney issues climate change warning

[nitpicker]

https://www.bbc.com/news/business-50868717

Bank 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)

[Sherman A1]

1. Well

Let's see if money talks and they start doing something about it?

[hatrack]

2. Uh, yeah, duh . . . .

Another of the powers that be finding access to reality on his way out the door.

[Canoe52]

3. +1

[ancianita]

4. Good intentions & not enough will kill us. Earth & climate don't care how slow or fast we are.

[Cicada]

5. Small nuclear power reactors are urgently needed

This is doable technology. Let’s do it. https://en.m.wikipedia.org/wiki/Small_modular_reactor

[Duppers]

6. Yes. This ⬆⬆