Bank of England Boss Sees Climate Change Threat

This week, Mark Carney, governor of the Bank of England, warned a gathering of leading insurers that climate change poses a huge threat to future global stability. He is concerned that we may not do enough in the present to avoid profound problems in the future. As he said: "The far-sighted amongst you are anticipating broader global impacts on property, migration and political stability, as well as food and water security." but the current generation hs little incentive to fix the problem. "In other words, once climate change becomes a defining issue for financial stability, it may already be too late."

As ever, Carney, provides us with words of wisdom. His words are largely economically motivated but he reaches the same conclusion as the most ardent tree hugger: We need act now, and we need to act decisively.

More here.