Bank of England's Carney to become U.N. envoy on climate action and finance

Bank of England Governor Mark Carney will become the United Nations special envoy on climate action and climate finance from 2020, U.N. Secretary-General Antonio Guterres said on Tuesday.

Speaking at a news conference ahead of a climate summit in Madrid Dec. 2-13, Guterres described Carney as "a remarkable pioneer in pushing the financial sector to work on climate".

Carney, who is due to step down as head of the Bank of England in January, has urged the financial sector to transform its management of climate risk and led various international initiatives to improve supervision and disclosure.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)