Carney welcomes steps to address climate risks

Mark Carney, the Governor of the Bank of England, has hailed efforts by both governments and the private sector to address climate risks, though added that investments into long-term infrastructure would need to roughly quadruple from the level they are currently at to allow for an easy shift to a low-carbon economy. Mr Carney was speaking at an international conference on climate risk in Amsterdam. He said policy frameworks were being introduced and firms were allocating capital.