Business > Energy

Energy transition to move ‘centre-stage'

1 month ago   |   By Press and Journal

Former Bank of England governor Mark Carney has said Covid-19 is likely to move the global energy transition “more to centre-stage” for investors.
Government bail-outs for heavy-emitting industries - like airlines - will increasingly carry a “quid pro quo” in terms of how fast firms can move along the path towards net zero carbon emissions, he said.
Mr Carney, who stepped down as BoE governor in March, also said banks were now better able to weather a prolonged economic slowdown than they were during the 2008 financial crisis.
His comments came during an IHS Markit CeraWeek Conversations...
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