“Resolving the Climate Paradox” Address by Mark Carney BoE Gov & FSB Chair: Arthur Burns Memorial Lecture, Berlin 22 September 2016
“…. green finance is a major opportunity. By ensuring that capital flows finance long-term projects in countries where growth is most carbon intensive, financial stability can be promoted.”
“By absorbing excess global saving, equilibrium interest rates can be raised and macroeconomic stability enhanced. And by allocating capital to green technologies, the prospects for an environmentally sustainable recovery in global growth will increase.”
Relevant to us: emerging market green placed with developed country investors will help stabilize the world economy.