Campaign groups call on Bank to step up action on climate crisis

A coalition of 10 campaign groups is calling on the Bank of England to do more to tackle the climate crisis, a decade after the then governor, Mark Carney, warned of the "tragedy of the

- Heather Stewart

horizon". Carney, now prime minister of Canada, argued in a speech at Lloyd's of London in September 2015 that the short time-horizons of politicians and policymakers made it difficult to tackle the climate emergency, despite the threat it posed to the global financial system.

"The combination of the weight of scientific evidence and the dynamics of the financial system suggest that, in the fullness of time, climate change will threaten financial resilience and longer-term prosperity," he said. "While there is still time to act, the window of opp