Mark Carney, former Governor of the Bank of England and the Bank of Canada, is a prominent advocate for market-based solutions to climate change. He has strongly championed carbon pricing mechanisms as a crucial tool for reducing greenhouse gas emissions and transitioning to a low-carbon economy. His involvement in this area extends to advising various international organizations on climate finance and sustainable investing.
Putting a price on carbon emissions incentivizes businesses and individuals to reduce their carbon footprint. This approach can stimulate innovation in clean technologies and drive investment towards sustainable practices. By internalizing the environmental costs of carbon emissions, such policies aim to create a level playing field for green businesses and accelerate the shift towards a more sustainable future. Carney’s influential voice has helped raise awareness of the urgency and economic feasibility of this transition.
