Mark Carney: The road to Glasgow

Speech by Mr Mark Carney, Governor of the Bank of England and Finance Adviser to the Prime Minister for COP26, Guildhall, London, 27 February 2020.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
04 March 2020


Sir David Attenborough's prophetic introduction has exposed the scale of the challenges and hinted at the enormous opportunities before us. And the Secretary of State has just described the prospect of a lasting COP 26 legacy and the opportunity for finance to be the force for good we know it can be.

Now is the time to answer these calls to action. Private finance will have a critical role to play in a successful transition to a net zero carbon economy. With the UK COP26 Presidency, in partnership with Italy, the world is watching.

Today is all about action. The actions the private financial sector can take to support a whole economy transition. The actions that regulators, governments and countries will take to catalyse your efforts. The actions that our fellow citizens are demanding, and that future generations deserve.