Mark Carney has admitted that reducing carbon emissions will involve “exceptionally expensive” costs in a world of lower growth and higher debt, making it harder to transition to net zero. The former governor of the Bank of England said a weak global economy, higher inflation and conflict in Ukraine and the Middle East had thrown the world into an “age of uncertainty”. Speaking at an event hosted by the Institute of International Finance in Morocco, Mr Carney said this had … read more »
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