Bank of England Mark Carney to Head a UN Climate Action Effort

Mark Carney, Governor Bank of England.
Mark Carney, Governor Bank of England. By World Economic Forum from Cologny, Switzerland – The Global Economic Outlook: Mark J. CarneyUploaded by January, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=24234760

Guest essay by Eric Worrall

Climate Activist and Bank of England Governor Mark Carney is taking on a new role as UN’s new Special Envoy for Climate Action. 

Mark Carney to be new Special Envoy for Climate Action 

The Secretary-General announced on Sunday that the current head of the Bank of England, Mark Carney, is to become the UN’s new Special Envoy for Climate Action. 

Describing the Canadian as “a remarkable pioneer in pushing the financial sector to act on climate”, Mr. Guterres said the new envoy would be focusing on ambitious implementation of action, especially shifting markets and mobilizing private finance, towards limiting global warming to the key 1.5 degrees mark. Mr. Carney replaces former New York mayor and billionaire philanthropist, Michael Bloomberg, who has embarked on a US presidential run. 

A statement from the Spokespersons’ office said his tasks would include “building the frameworks for financial reporting, risk management and returns in order to bring the impacts of climate change to the mainstream of private financial decision making and to support the transition to a net zero carbon economy.” 

The Bank of England Governor has held numerous positions in finance in both the private and public sectors and will become a member of UN staff at the point at which he ceases to work for the Bank.  He also served, from 2011 to 2018, as Chair of the Financial Stability Board and Governor of the Bank of Canada from 2008-2013. 

The Secretary-General will count on Mark Carney to galvanise climate action and transform climate finance”, as the UN looks to next year’s 26th Conference of the Parties (COP26), due to take place in Glasgow, Scotland. 

Read more: https://news.un.org/en/story/2019/12/1052491

Canadian born Mark Carney was a key figure in forging a strong British cross party consensus on climate action.

Perhaps the UN Secretary General is hoping Carney will be able to replicate the magic he worked in Britain on a global scale.

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December 1, 2019 10:16 pm

As a former Bank of England Governor, Mark Carney is ideally suited to head the UN’s new Special Envoy for Climate Action, as that organisation will have nothing to do with climate or climatology. It will be concentrating exclusively on extracting money from the hapless workers of the World.

Reply to  nicholas tesdorf
December 2, 2019 12:05 am

Indeed, nothing has changed. In December 1972 I (a student biologist) was asked to contribute to a UNEP meeting in Nairobi Kenya with a talk about CO2 and methane production of termites. Wondering why the organizers were interested in these substances, two of them told me frankly they could measure their output by humans and tax them. I won’t reveal their names, but will their professions: Bankers.

björn
Reply to  oebele bruinsma
December 2, 2019 12:33 am

Reveal the names! Why not?

4 Eyes
Reply to  nicholas tesdorf
December 2, 2019 12:12 am

Will their be conflicts of interest?

old white guy
Reply to  nicholas tesdorf
December 2, 2019 3:44 am

Another mentally ill Canadian socialist who thinks he is god. He will be more than happy to impoverish anyone and everyone to satisfy his delusion.

ozspeaksup
Reply to  nicholas tesdorf
December 2, 2019 4:17 am

exactly! and Im pretty sure I read they were planning to delist companies they didnt think green enough from the stock exchange
what the hell is in the water in Canada?
Strong Suzuki and others..
collusion much???

added Guterrez whining today about how paris agreements arent enough and everyone has to bleed more money to them.

Sommer
Reply to  ozspeaksup
December 2, 2019 6:32 am

“Mark Carney, director of the Bank of England, announced that any businesses that do not conform to the zero carbon ‘green’ criteria will be blocked from access to new loans, while those that do can expect high financial rewards. “

Sommer
Reply to  Sommer
December 2, 2019 4:42 pm

Chrystia Freeland
‏@cafreeland
10h10 hours ago

Tackling climate change requires international collaboration and leadership. I can think of no better person than Mark Carney for the position of @UN Special Envoy for Climate Action. Congratulations!

Robert of Ottawa
Reply to  nicholas tesdorf
December 2, 2019 3:01 pm

Exactly. Proof it is a scam is the need for bankers to count and control the money. How much will this highly qualified man of repute cream off the top … er, be paid?

D. J. Hawkins
Reply to  nicholas tesdorf
December 3, 2019 12:59 pm

Hmmm, “Carney,” as in, “carnival barker” – mere coincidence?

Earthling2
December 1, 2019 10:19 pm

Mark Carney is an intelligent guy…how did he ever fall hook, line and sinker for the CAGW climate extortion. I guess it is all about the money.

Patrick MJD
Reply to  Earthling2
December 1, 2019 10:35 pm

Correct!

Reply to  Earthling2
December 1, 2019 10:44 pm

A life of leisure. No hard work.
High pay and private jets to Davos.
Elite schools for your kids.
4&5 Star hotels everywhere you go, paid for with OPM.
Sweet retirement bennies.
Whats not to love?

As long as you’re willing to sell-out your fellow countrymen, it’s Easy-Peasy.

Folks in the UK should make no mistake about what and who is about to F them… if they let them.

HotScot
Reply to  Joel O'Bryan
December 1, 2019 11:58 pm

Joel O’Bryan

Too late, he’s already F***ed us.

John Endicott
Reply to  HotScot
December 2, 2019 6:44 am

And all too many of political “leaders” replied “Thank you, can I have another”.

Roger
Reply to  Joel O'Bryan
December 2, 2019 4:32 am

Fellow countrymen?

Gerry, England
Reply to  Joel O'Bryan
December 3, 2019 5:45 am

Well it does beat working for a living. And he seems ideally qualified as he is an expert at moving the goalposts. Every time he should have raised UK interest rates to normalise the economy he moved the goalposts. An utter tosser.

Richard
Reply to  Earthling2
December 1, 2019 10:52 pm

I used to have some respect for him. Sad. I guess the offer was more than he wanted to resist.

tetris
Reply to  Earthling2
December 2, 2019 12:17 am

His wife is a hardcore vegan ecocatastrophist who won’t wear leather goods but likes flying first class, so he should fit in nicely with the rest of the do as I say not as I do crowd at the UN.

Elle Webber
Reply to  tetris
December 2, 2019 12:37 am

Ah yes, I remember her. The woman who thinks us peasants are too wrapped up in consumerism while she flits around the world via airplane and complains of the inadequacy of their £250000 per year housing allowance.

commieBob
Reply to  Earthling2
December 2, 2019 1:34 am

Maurice Strong was also a smart guy. Carney is Strong_ver_2.

Andy in Epsom
Reply to  Earthling2
December 2, 2019 2:27 am

Well he has done a masterful job hiding that intelligence.

Sara
Reply to  Earthling2
December 2, 2019 3:27 am

Always follow the money. Always!

Sommer
Reply to  Sara
December 2, 2019 6:29 am
Sommer
Reply to  Sommer
December 2, 2019 3:32 pm

Everyone needs to see the interview – Fiscal Monitor Mitigating Climate Change- with Paolo Mauro advising ‘Extinction Rebellion’ people to go to the University of Colorado for their information.
Why the University of Colorado?

Emrys Jones
Reply to  Earthling2
December 2, 2019 7:20 am

Views differ on how good he was as Governor of the Bank of England. He has his fans, but not many in business where people have seen the damage done by his policies. Avoiding a recession, no matter what the distortion of the economy, is a bad policy.

Jim C
Reply to  Earthling2
December 2, 2019 9:15 am

Banks make their money by extending credit and charging interest on it.

Virtually all replacement (& new) zero-carbon infrastructure will be paid for by government deficit spending (ie, borrowing) and private loans to buy new cookers, boilers, EV cars etc.

The central banks serve the commercial banks’ interests, and the commercial banks stand to make a killing if we attempt to decarbonise.. assuming civilisation doesn’t collapse in the process, which is by no means guaranteed if they really pull out the stops. I have no idea how much money the average modern country can afford to waste on this nonsense. We’re barely getting by as it is, with renewables averaging 5%. Take it up to 10% and we’ll see real pain. 20%, 30%, 50%? God help us.

Robert of Ottawa
Reply to  Jim C
December 2, 2019 3:08 pm

…assuming civilisation doesn’t collapse in the process

..but that’s just the point, too collapse it enough to leave only a few hundred million, just enough to be serfs to keep the luxury hotels and private planes aloft.

Keith Harrison
Reply to  Earthling2
December 2, 2019 2:10 pm

You need to look into the position his wife has taken on climate issues over the years long before he took up with the Bank of England, to understand Mr Carney’s motivations.

December 1, 2019 10:37 pm

Just part of an International Deep State at the UN pushing World Socialism.
Get rid of the UN at the UNFCCC climate scam and eliminate the entire Den of Thieves that are trying to use the contrived Climate Scam as a power tool.

Just another reason for UK voters to vote for Leave and for BoJo. Unless you like more bridge stabbings and Jihadist crazies roaming your streets.

The real power for the UK finances lies with the Chancellor of the Exchequer.
This position is the government’s chief financial minister and as such is responsible for raising revenue through taxation or borrowing and for controlling public spending. He has overall responsibility for the work of the Treasury.

The Chancellor’s responsibilities cover:
fiscal policy (including the presenting of the annual Budget)
monetary policy, setting inflation targets
ministerial arrangements (in his role as Second Lord of the Treasury)

Current role holder: The Rt Hon Sajid Javid.

Toto
December 1, 2019 10:59 pm

“Mr. Carney replaces former New York mayor and billionaire philanthropist, Michael Bloomberg, who has embarked on a US presidential run.”

““The Secretary-General will count on Mark Carney to galvanise climate action and transform climate finance”, as the UN looks to next year’s 26th Conference of the Parties (COP26), due to take place in Glasgow, Scotland.”

9-19 November 2020. Greta can start looking for a sailboat earlier this time. The North Sea might not be as much fun though.

BoyfromTottenham
December 1, 2019 11:08 pm

Everyone has his price.

Warren
December 1, 2019 11:41 pm

Mark Carney the Elites’ bag man.

Chris Hanley
December 1, 2019 11:50 pm

“… support the transition to a net zero carbon economy …”.
It’s a big job: so much to do, so little time:
comment image

charles nelson
December 1, 2019 11:51 pm

Utterly fascinating, a grass roots Leftist/Anarchist movement led by elite Banker and Media types.
Very post modern…no?

Ian Magness
Reply to  charles nelson
December 2, 2019 12:53 am

Follow the money…
.. and if it’s taxpayer’s money available to be spent by the $bn by unaccountable bureaucratic bodies like the UN and the EU, then BINGO!

MarkG
Reply to  charles nelson
December 2, 2019 8:51 am

If the left didn’t exist, the fat-cat elite would have to create them.

And often have.

DaveR
December 2, 2019 1:27 am

Says it all really. With people like this, no wonder Britain couldnt find a way through the Brexit mess for 3 years, and its still not over. Deep State against democracy is everywhere.

Matthew Sykes
December 2, 2019 1:33 am

The old rotating door for the elite.

December 2, 2019 1:36 am

At least this is good news for the long-suffering UK taxpayer. “Good riddance” will be the words ringing across the UK.

roger
Reply to  Phillip Bratby
December 2, 2019 8:30 am

Amen to that!
Although from the run up to the referendum to date his statements on the pound and the British economy single handedly led to a collapse in the exchange rate assisting exports and the Footsie index to rise in sympathy despite his many gloomy interventions along the way.
He wasn’t all that bright .

Andy in Epsom
December 2, 2019 2:26 am

Wel;l he proved he knew nothing about financewhile at the BoE but took millions now he has a new cash cow to milk. the first governor of the nack to have a nickname of Mark Carnage in L0ondon circles.

December 2, 2019 2:54 am

Mark Carney received much credit for the way Canada survived the 2008 financial crisis. Carney was the brand-new head of the Bank of Canada in 2008 and the real credit goes elsewhere, to his predecessors who established our stable banking system, to the steady hand of Stephen Harper, Prime Minister of Canada from 2006 to 2015, and especially to the robust Alberta economy, which has financially supported the entire country for over six decades due to our petroleum wealth and the rapid growth of the Alberta oilsands from ~1998 to ~2015.

During this time, development of the Alberta oilsands included $250 billion in capital investment and created 500,000 jobs across Canada. Primarily because of the oilsands, Canada is the 4th largest oil producer in the world, and the largest foreign supplier of oil to the USA – and ~80% of Canadian oil production comes from Alberta, with our population of only ~4 million people.
http://www.calgarysun.com/2017/09/25/when-the-oilsands-hit-pay-dirt
https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html

Albertans have been incredibly generous, providing one million dollars per family-of-four to the rest-of-Canada since 1961, essentially financing much of the health care for the entire country. Despite this incredible generosity, Albertans have been falsely vilified as “climate deniers” and destroyers of the planet by the Laurentian elite, and our economy has been twice sabotaged by the Trudeau’s, père et fils.

I have adopted Alberta as my home, and I am proud of our accomplishments and our enormous contributions to society. To give you an idea of what we are really about, have a look at this recent Calgary event, and smile.

Regards, Allan

shortus cynicus
Reply to  ALLAN MACRAE
December 2, 2019 6:00 am

“Despite this incredible generosity, Albertans have been falsely vilified as…”

It’s not despite, but because of it. If you want to tax/enslave someone, you must vilify him first to achieve moral high ground first.

Reply to  shortus cynicus
December 2, 2019 3:40 pm

Very insightful s-c, thank you.

“If you want to rob someone, you first vilify him to claim the moral high ground.”

Yes – that’s their program.

bonbon
December 2, 2019 3:13 am

A bit slow on the uptake there WUWT – see
https://wattsupwiththat.com/2019/10/06/we-need-support-pacific-islands-demand-more-climate-action/#comment-2814978
and
https://wattsupwiththat.com/2019/11/05/fossil-fool-divestment-fail-blackrock-edition/#comment-2839337
This banking crowd is talking about a Synthetic Hegemonic Currency, to replace the Dollar. A digital version of Keynes’s “Bancor” rejected by FDR at the Bretton Woods Conference after WWII.
This was openly discussed at the FED Jackson Hole Confab, and at a UN speec by Carney recently.
Not coincidently, the new EU Commissioner Ursula van der Leyen has declared an EU Climate Emergency, and will turn the EIB, European Investment Bank 100% green. And a French minister suggested a digital Euro.

So a showdown with President Trump and China is being prepared, behind the Shifty smoke and mirrors .

Now we see the masks are off. “Climate”, “greening” are a huge financial scam foisted on the planet globally. It sure looks like an imperial gambit, based on economics that were never intended to work (as Schellenberger remarked at Forbes). Which can only lead to disaster.

Tom Abbott
Reply to  bonbon
December 2, 2019 5:57 am

“So a showdown with President Trump and China is being prepared, behind the Shifty smoke and mirrors .”

When the EU tries to impose a CO2 tax on trade is when the showdown will take place. I don’t know that this will ever happen but there are certainly people who are advocating such measures.

John Endicott
Reply to  bonbon
December 3, 2019 11:03 am

I’m surprised bonbon, any other thread and you’re posting multiple missives about your national banker conspiracy theories (despite it being nowhere near the topic) but here, where such posts could at least be considered tangentially on topic, you make a single post and that’s it. WUWT?

michael hart
December 2, 2019 3:17 am

“… bring the impacts of climate change to the mainstream of private financial decision making and to support the transition to a net zero carbon economy.”

Sounds like a classic case of making the decision first and then collecting the evidence to justify it.

Tom Abbott
Reply to  michael hart
December 2, 2019 6:00 am

“and to support the transition to a net zero carbon economy.”

This is not going to happen. There is no practical way to wean humanity off fossil fuels any time soon. There is also no practical way to power the world using windmills and ground-based solar.

A “zero carbon (dioxide) economy” is a pipedream. That’s good stuff they are smoking.

MarkG
Reply to  Tom Abbott
December 2, 2019 9:03 am

“There is no practical way to wean humanity off fossil fuels any time soon.”

There is. It just involves about 90% of us dying.

Which is exactly what the ‘elite’ want. In a post-industrial world, there’s no use for 90% of the people who were born to work in industrial factories.

AndrewWA
December 2, 2019 5:26 am

So Mark Carney has worked out that he can make more $$s by feeding from the other side of the trough

Hokey Schtick
December 2, 2019 6:01 am

Nice work if you can get it.

beng135
December 2, 2019 6:19 am

He looks like a carney:
car•ny or car•ney (ˈkɑr ni)

n., pl. -nies or -neys.
1. a person employed by a carnival.

PaulH
Reply to  beng135
December 2, 2019 6:46 am

I’d rather see Art Carney heading this UN operation: 😉

https://youtu.be/2ylvWg6AV7g

WXcycles
December 2, 2019 6:21 am

It’s so good to see bankers selflessly lending a hand for the better good.

ResourceGuy
December 2, 2019 7:15 am

Dodge this.

A forced carbon tax on the American people will torpedo gains in Congress by the Dems. The return of the Waxman-Markey bill and Green New Deal will not work, again.

December 2, 2019 7:35 am

From what I have read, the world bank and the big wealthy national banks (including the Federal Reserve) are working to control the world’s economy (and make more money) by changing fear of war to fear of climate change. They buy bonds from wealthy nations that can tax their populations and keep poorer nations always in debt with loans to finance projects that offer marginal betterment in living standards. The UN sees this as a means to establish centralized global governance.

roger
December 2, 2019 8:33 am

Amen to that!
Although from the run up to the referendum to date his statements on the pound and the British economy single handedly led to a collapse in the exchange rate assisting exports and the Footsie index to rise in sympathy despite his many gloomy interventions along the way.
He wasn’t all that bright .

Dennis G Sandberg
December 2, 2019 10:03 am

Wind turbines and solar panels are close to being maxed out unless as reported by Bloomberg, a way is put in-place”to invest in smart grids, digital energy, energy storage and electric vehicles”. As reported here at WUWT, “The Secretary-General will count on Mark Carney to galvanise climate action and transform climate finance”, The climate change hoax must be perpetuated to protect the $trillions invested in renewables and to continue more than $1/2 trillion annually into the hoax. Sickening.

https://sdg.iisd.org/news/investment-in-renewable-energy-is-clean-but-in-transmission-and-distribution-technologies-not-necessarily/
According to the research company Bloomberg New Energy Finance (BNEF), a total of USD 332.1 billion was invested in renewable energy in 2018, excluding large hydro-electric projects, but including equity raised by companies to invest in smart grids, digital energy, energy storage and electric vehicles. BNEF’s report titled, ‘Clean Energy Investment Trends 2018,’ presents sector and country-specific data that shows:
• Overall investment in solar dropped 24% to USD130.8 billion;
• Wind investment rose 3% to USD128.6 billion, with offshore wind having its second-highest year with USD25.7 billion invested;
• Biomass and waste-to-energy investment rose 18% to USD6.3 billion, while that in biofuels rallied 47% to USD3 billion; and
• Geothermal energy investment increased by 10% to USD1.8 billion, small hydro investment decreased 50% to USD1.7 billion and investment in marine energy sources increased by 16% to USD180 million.
Note: I attempted to post this earlier but hitting the send button yielded “no internet connection” I apologize is this is a duplicate.

John Robertson
December 2, 2019 1:03 pm

Well he is aptly named.
How closely we duplicate France 1778??
Whenever the first Revolution began,the same conditions seem to have occurred once again.
There is something about our Eastern Canadians Comrades that preconditions these persons toward a lust for power and other peoples money.
Is it that they have not created any new goods or real services since the 1960s?

Fanakapan
December 2, 2019 2:40 pm

The Central Bank blokes following the Crash of 08 and their turning Capitalism into a paraplegic, have nowhere left to turn now other than adding the climate to their responsibilities.

Their efforts have led to the creation of a Monster of a market that now, as in Shelley’s novel, holds its creators hostage.

So expect to see many more purportedly Green business operations that can thumb their noses at the SEC with impunity, as they have the ‘Juice’ 🙂

Old Woman of the North
December 2, 2019 3:05 pm

What qualifications do you need to take on this role? He doesn’t seem to have any science background.

Gordon Dressler
December 2, 2019 3:37 pm

Of course, we all recognize that a bureaucrat or financier needs to know nothing about scientific validity (aka “truthfulness”) of what he/she is tapped to manage. The old phrase “Do something, even it it’s wrong” comes to mind in the case of the above article.

Kramer
December 2, 2019 6:57 pm

I’ve noticed on some of the green NGO sites that people with banking or finance or investment backgrounds tend to work in their higher offices.

Brian R Catt
December 3, 2019 11:33 am

Well, Carney’s climate models will have a lot in common with his economic models and his predictions on a Brexit vote, and just about everything else. https://www.youtube.com/watch?v=TtNB-oNyvXs

Longer version, Freeman Dyson explains reality versus models …..

Johann Wundersamer
December 7, 2019 8:03 pm

Meant:

Mark Carney, Governor Bank of England. By World Economic Forum from Cologny, Switzerland –>

Mark Carney, Governor Bank of England. By World Economic Forum from Geneva, Switzerland

____________________________________

While

Cologny, Switzerland –> Cologny, Germany

Johann Wundersamer
December 7, 2019 8:09 pm

Meant:

Mark Carney, Governor Bank of England. By World Economic Forum from Cologny, Switzerland –>

Mark Carney, Governor Bank of England. By World Economic Forum from Geneva, Switzerland

____________________________________

While

Cologny, Switzerland –> Cologny, Germany

https://www.flickr.com/people/15237218@N00

Johann Wundersamer
December 7, 2019 9:12 pm
Johann Wundersamer
December 7, 2019 9:24 pm

Big reputation, “Bank of England Governor”:

“Climate Activist and Bank of England Governor Mark Carney is taking on a new role as UN’s new Special Envoy for Climate Action.

Mark Carney to be new Special Envoy for Climate Action

The Secretary-General announced on Sunday that the current head of the Bank of England, Mark Carney, is to become the UN’s new Special Envoy for Climate Action.

Describing the Canadian as “a remarkable pioneer in pushing the financial sector to act on climate”, Mr. Guterres said the new envoy would be focusing on ambitious implementation of action, especially shifting markets and mobilizing private finance, towards limiting global warming to the key 1.5 degrees mark. Mr. Carney replaces former New York mayor and billionaire philanthropist, Michael Bloomberg, who has embarked on a US presidential run.

A statement from the Spokespersons’ office said his tasks would include “building the frameworks for financial reporting, risk management and returns in order to bring the impacts of climate change to the mainstream of private financial decision making and to support the transition to a net zero carbon economy.”

The Bank of England Governor has held numerous positions in finance in both the private and public sectors and will become a member of UN staff at the point at which he ceases to work for the Bank.”

____________________________________

OTOH :

https://www.google.com/search?client=ms-android-huawei&sxsrf=ACYBGNTZQjT3u1mb4gfe1s0CUYf9u1O9Jw%3A1575782204982&ei=PIfsXafMO8vSwALQnKrADA&q=George+toppled+bank+of+England&oq=George+toppled+bank+of+England&gs_l=mobile-gws-wiz-serp.

Johann Wundersamer
December 7, 2019 9:56 pm

So the Bank of England Governor Mark Carney will ‘stimulate by electricity’ climate action:

“galvanize

/ˈɡalvənʌɪz/

Origin

early 19th century (in the sense ‘stimulate by electricity’): from French galvaniser (see Galvani, Luigi).

https://www.google.com/search?q=galvanise+etymology&oq=galvanise+etymology+&aqs=chrome.

____________________________________

Stimulation by electrification, practical use:

https://www.google.com/search?q=cattle+electric+wire+fence&oq=electric+cattle+wire&aqs=chrome.

available now for climate action.

Johann Wundersamer
December 7, 2019 10:01 pm

So the Bank of England Governor Mark Carney will ‘stimulate by electricity’ climate action:

“galvanize

/ˈɡalvənʌɪz/

Origin

early 19th century (in the sense ‘stimulate by electricity’): from French galvaniser (see Galvani, Luigi).

https://www.google.com/search?q=galvanise+etymology&oq=galvanise+etymology+&aqs=chrome.

____________________________________

Stimulation by electrification, practical use:

https://www.google.com/search?q=cattle+electric+wire+fence&oq=electric+cattle+wire&aqs=chrome.

available now for climate action.

____________________________________

Perhaps the UN Secretary General is hoping Carney will be able to replicate the magic he worked in Britain on a global scale.

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