Uncommons with Nate Erskine-Smith

Mark Carney on Uncommons

Oct 18, 2024
Mark Carney, Former Governor of the Bank of Canada and the Bank of England, now serves as UN Special Envoy on Climate Action and Finance. He discusses the urgent need for sustainable finance to combat climate change, emphasizing transparency in corporate disclosures. Carney explores the economic opportunities tied to climate action, the importance of bridging the value gap between corporate worth and ecosystem health, and highlights pressing Canadian economic challenges, advocating for inclusive growth and investment in clean energy.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Sustainable Finance Goal

  • Sustainable finance aims to channel capital towards climate change solutions.
  • Success means dropping the "sustainable" adjective as it becomes mainstream.
INSIGHT

Financial Institutions and Net-Zero

  • Over 700 major financial institutions, controlling $150 trillion, have committed to net-zero.
  • These institutions are shifting investments away from companies not addressing emissions.
ADVICE

Canadian Sustainable Finance Needs

  • Canada needs a disclosure regime so Canadians can assess climate action by institutions.
  • A consistent framework for transition plans is also crucial, as planning is essential in crises.
Get the Snipd Podcast app to discover more snips from this episode
Get the app