Carney’s Departure Will Leave a Vacuum at the Top for Green Finance

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Carney’s Departure Will Leave a Vacuum at the Top for Green Finance

His chairmanship of the high-level Financial Stability Board (FSB) where he was instrumental in forming the Task Force on Climate Related Financial Disclosures (TCFD).
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Wednesday, November 2, 2016 - 4:45am

Originally posted on Responsible Investor.

Mark Carney, whose departure from his role as Governor of the Bank of England was announced yesterday, will leave a vacuum at the top of global policy making around ‘green finance’ and climate disclosure.

Carney, the former head of the Bank of Canada, will step down from the post in 2019.

In his letter to Chancellor of the Exchequer (Finance Minister) Philip Hammond, Carney spoke of his aim to “remodel the Bank to reflect its new, much broader responsibilities”.

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Keywords: Sustainable Finance & Socially Responsible Investment | Bank of England | Brexit | British | Climate Risk | England | Environment | FSB | Financial Stability Board | Government | Referendum