Net zero banks can lend to polluters for transition – Carney
‘Only mainstream finance’ has resources to fund companies to go green
Members of the Glasgow Financial Alliance for Net Zero (GFANZ) can keep capital flowing to polluters as long as it is to help their clients reach net zero emissions, former Bank of England governor Mark Carney has said.
Speaking at the Futures Industry Association (FIA) conference in the US on March 16, Carney said the initiative wasn’t just about “flipping a green switch for investment only in companies that are already green”.
“It’s much more of going to where the emissions are, companies in
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