Dr Mark Carney, the former Governor of the Bank England, delivers a series of four talks with Q&A for the 2020 Reith lecturers on BBC 4. They follow his theme of "How we get what we Value". Carney takes us on a journey in which he assesses how the world has prioritised financial values over human values and how this, has led our economy to lurch from one crisis to another and why we now have the triple threat of credit, COVID and climate. Links for the lectures are in the full article.
" ...and now with the COVID crisis exposing the tragic folly of undervaluing resilience and ignoring the systematic risk, society is beginning to place a greater value on sustainability and that's a precondition to solving the climate crisis. "
He should know, Carney has been and continues to be a prominent protagonist in the call for re-prioritisation of values, away from short termism and towards long term solutions which also seek to value social issues. A key figure in the Financial Stability Board and in authoring the Task Force on Climate-Related Disclosures report. The report marks a new way of reporting inherent climate risk within companies, to give investors some metrics on which to base investment decisions. He is also the UN special envoy and adviser to the prime minister for COP26, where sustainable finance will have a central focus and has just published the paper " Building a Private System for Net Zero " setting the priorities for private finance for COP26 and beyond, to achieve as a minimum the gains of the Paris Climate agreement.
I'll leave you to listen to the lecturers and download the transcripts and take from them what resonates with you.
Here's the links
From Moral to Market Sentiments
From Credit Crisis to Resilience
From Covid Crisis to Renaissance
From Climate Crisis to Real Prosperity
Author: Jill Turner
#climaterisk #esg #reithlectures #markcarney