Former Bank of Canada governor Mark Carney says the world's response to the COVID-19 pandemic could build momentum for a collaborative approach to the other great global crisis: climate change.
Carney, who serves as a special envoy to the United Nations for climate and finance, is advising the United Kingdom's government as it prepares to host the next UN climate summit, known as COP 26, in Glasgow, Scotland in November.
He said that part of the meeting will focus on how the private financial sector can "retool" so that companies take climate change into account when making financial decisions.
In Canada, Carney said, the move to a sustainable, low-carbon economy offers a "huge economic opportunity." Carney said Alberta's energy industry, which is one of the country's largest industrial emitters, could help to drive that transition through investments in research and development.
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