BoE Governor is UN’s envoy for climate finance

Bank of England Governor Mark Carney has accepted the role of special envoy for climate action and finances, United Nations Secretary General Antonio Guterres said.

Carney has taken a pioneering role pushing the climate issue in the financial sphere, Guterres said at a news conference in Madrid, where the next UN climate change conference kicks off on Monday. He’ll take on his special envoy role with pay of $1a year after stepping down from the central banker’ job, the Bank of England said in a statement. Carney is due to leave the Bank of England on January 31, although his successor has not yet been named.

Carney has been talking about the risks of climate change since at least 2015 when he warned that the phenomenon imposed “a cost on future generations that the current generation has no direct incentive to fix.”