Money markets and global leaders (except Trump) front up to climate change

His meticulously calibrated speech was neither a statement of opinion nor an appeal to morality. Instead, it was firmly anchored in years of groundwork by shareholder groups, leading scientists and innovative financial analysts who have translated the physics of greenhouse gases into the mathematics of money.

By crystallising all this into a single message that identifies climate risk as a matter of naked financial self-interest, Carney unleashed a potent lever to help shift the global economy away from fossil fuels and towards a zero-carbon future.