Bank of England governor says more investment in green technologies could help escape low-inflation low-growth trap
The Bank of England governor, Mark Carney, has thrown his weight behind the fledgling market in green investments to help cut carbon emissions and boost global economic growth. Carney used a speech in Berlin on Thursday to highlight green finance as an opportunity to boost financial stability while also tackling climate change.
He said more of the $100 tn (£76tn) held by big global investment firms could be channelled into green bonds to help finance initiatives such as water or renewable power projects aimed at reducing carbon emissions. Last year, $42bn of green bonds were sold worldwide.
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Source: Guardian Environment