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United Kingdom: BoE's Carney say firms must be more open about carbon footprint

2015-09-30 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Bank of England Governor Mark Carney said on Tuesday that companies must be more open about their "climate change footprint" to avoid abrupt changes in asset prices that could destabilize markets. The speed at which assets such as coal, oil and gas reserves are re-priced to reflect the impact of climate change is vital to reduce potentially "huge" financial risks to British insurers and other investors, he said. "Risks to financial stability will be minimized if the transition begins early and...

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