Mark Carney says capital markets fuelling planet meltdown

Irish Times | Oct 17, 2019 at 4:50 AM
  • The global financial crash of 2008 saw many economies go into meltdown, including in Ireland.
  • According to Bank of England governor Mark Carney the financial system might now be playing a large part in the meltdown of the planet.
  • As reported on Tuesday by the Guardian newspaper, Carney has warned that the global financial system is backing carbon-producing projects that will raise the temperature of the planet by more than four degrees – well above the pledge in the Paris climate agreement to limit increases to 1.5 degrees.