A Tragedy of the Horizon
John Hollins
Ten years ago, on Brexit’s eve, then Bank of England governor Mark Carney told a crowd gathered at Lloyd’s of London that climate change posed an existential threat to the global financial system. He called it a “tragedy of the horizon,” rooted in the financial sector’s failure to bring long-term climate risk assessments into decision-making, imposing a cost on future generations that can’t be reversed.
Mr. Carney had it right as a central banker. Let's hope, as a prime minister, he remembers.
John Hollins
Ten years ago, on Brexit’s eve, then Bank of England governor Mark Carney told a crowd gathered at Lloyd’s of London that climate change posed an existential threat to the global financial system. He called it a “tragedy of the horizon,” rooted in the financial sector’s failure to bring long-term climate risk assessments into decision-making, imposing a cost on future generations that can’t be reversed.
David Harries
"....Let's hope that, as a prime minister, he knows that long-term climate risk assessment should be brought into governmental decision-making..."
Let's hope that he learns that identification of long term climate THREATS needs to be reintroduced into government policy development, so that preparations can begin immediately on defeating, mitigating and responding to the RISKS those threats might create.
DH
----Let's hope that, as a prime minister, he knows that long-term climate risk assessment should be brought into governmental decision-making-- Original Message ------
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Subject: [cacor-discussion] A Tragedy of the Horizon
Ten years ago, on Brexit’s eve, then Bank of England governor Mark Carney told a crowd gathered at Lloyd’s of London that climate change posed an existential threat to the global financial system. He called it a “tragedy of the horizon,” rooted in the financial sector’s failure to bring long-term climate risk assessments into decision-making, imposing a cost on future generations that can’t be reversed.
Mr. Carney had it right as a central banker concerned with financial matters. Let's hope that, as a prime minister, he knows that long-term climate risk assessment should be brought into governmental decision-making, certainly decisions related to energy demand and supply.
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Cheers,john
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