Extinction Rebellion’s ‘Blood Money’ march hits City of London

Central London’s big banks and giant financial organisations became a target of today’s protest

Bank of England halves CO2 emissions in 2020/21

The bank said this was the largest decrease in its carbon footprint in a single year since it was first calculated in 2015/16

Bank of England warned of ‘moral hazard’ risks from high-carbon bond purchases

The Environmental Audit Committee says the bank’s corporate bond purchases are currently aligned with a ‘catastrophic’ 3.5°C temperature rise by 2100

Former Bank of England governor to oversee green investment at Brookfield

Mark Carney served as Bank of England Governor from 2013 to 2020 and is currently the UN Special Envoy for Climate Action and Finance

COP26: Mark Carney appointed as Finance Adviser for climate summit in Glasgow

He will help the UK Government to mobilise ambitious action from across the financial sector ahead of the conference in November

Mark Carney: Businesses that fail to adapt to climate change will go bankrupt

The Bank of England Governor also said there will be ‘great fortunes’ made along the way

Climate risk stress test for UK insurance sector

It is the first time the bi-annual tests have been extended to explore climate change and applies to the largest life and general insurers

‘Cleaner and greener’ £5 notes hit the streets

The Bank of England has started circulating the new £5 notes that are said to be more environmentally friendly. The ‘cleaner, safer and stronger’ banknotes are made from polymer, a thin, flexible plastic material and feature Winston Churchill. According to the Bank, polymer is resistant to dirt and moisture and lasts around 2.5 times longer […]

Bank of England investigates ‘carbon bubble’ risk

The Bank of England is conducting an investigation into the risk of fossil fuel companies causing a major economic crash if future climate change rules make their assets worthless. The concern around the so-called “carbon bubble” is that if governments across the globe meet their target of limiting global warming to 2°C by cutting emissions, […]

Mark Carney reckons most fossil fuels “un-burnable”

Governor of the Bank of England Mark Carney appears to agree most fossil fuels can’t be used if the world is to avoid climate change. At a World Bank event on Friday, he is quoted as saying: “The vast majority of reserves are unburnable.” This is a reference to the idea of a so-called carbon bubble […]