Carney to reveal net-zero scorecard

Former Governor of the Bank of England, Mark Carney, is to present a scorecard displaying how well members of the financial community are meeting goals outlined in the net-zero emissions alliance.

Speaking to Bloomberg at the COP26 climate talks in Glasgow, Carney said the scorecard will be revealed on Wednesday, and “so the question is who’s stepping up for the solution”.

Carney added that the Glasgow Financial Alliance for Net Zero, which he chairs, will “relentlessly, ruthlessly” focus on ensuring the financial industry achieves its stated goal. He argued however that there should still be room for fossil finance in the transition from old energy to new, renewable sources.

“There needs to be some, only some limited, financing for a transition,” he stated.

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