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Bank of England head warns of 'catastrophic' climate change

The Governor of the Bank of England, Mark Carney, speaks at a dinner at Lloyd's of London, on September 29, 2015Climate change threatens global financial crises and long-term declines in wealth unless world leaders urgently seal a deal to limit it, the head of the Bank of England said on Tuesday. “The challenges currently posed by climate change pale in significance compared with what might come,” Mark Carney told business leaders in a speech in London. Speaking as world leaders scramble to lay the groundwork for a new United Nations agreement to limit climate change at talks in Paris starting in November, Carney warned that “the window of opportunity is finite and shrinking”.

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