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Bank of England Governor Mark Carney: Climate is a “$7 trillion opportunity”

7 Trillion $$$$. That’s some serious cash. Could do a lot with that.

Of course, that would mean that the powers that be acknowledge that while the climate is indeed changing, they really don’t know why, how much and when and the ‘solutions’ they are focusing on are designed to get them rich.

Watts Up With That?

Mark Carney, Governor Bank of England. Mark Carney, Governor Bank of England. By World Economic Forum from Cologny, Switzerland – The Global Economic Outlook: Mark J. CarneyUploaded by January, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=24234760

Anyone celebrating the recent abolition of the British Department of Energy and Climate Change needs to keep a few bottles of champagne on ice. Mark Carney, the powerful green enthusiast who runs the Bank of England, Britain’s version of the Federal Reserve, has just described climate as a “$7 trillion opportunity”.

According to the Financial Post;

Climate change initiatives a $7-trillion funding opportunity for capital markets: Carney

TORONTO The trillions needed to fund global carbon reduction commitments in the coming years is a big opportunity for investors, Bank of England Governor Mark Carney said Friday in a speech to Toronto’s financial community.

Carney, formerly the Bank of Canada governor, spoke at the Toronto Region Board of Trade…

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