Mark Carney warns of ‘unfinished business’ in the finance sector at the Climate Innovation Forum

Mark Carney has warned that although the G7 has taken some of the necessary steps in the financial sector, there is still 'unfinished business' to reach net zero.

At the Climate Innovation Forum 2021, Mark Carney was joined by HSBC's Group Chief Executive Noel Quinn to discuss how we can accelerate the pace for net zero success.

When asked by Chair Nik Gowing on the committments made at the G7 Summit last month, Mark Carney said: “We have to make it the turning point for our planet. The G7 has put down the gauntlet and secondly taken some of the steps necessary in the financial sector, but there is unfinished business.”

Noel Quinn, who was in Cornwall for the discussions, said: “There was a very positive mood, strong engagement and I was encouraged by the dialogue we had.”

“We, the private sector, together with the government’s of the world, need to find pragmatic solutions to turn the good intent into action.”

Carney and Quinn also deep dived into the important role public-private relationships will play in meeting climate targets and the need for the private sector to take a bigger responsibility to ensure this partnership is a success.

Mark Carney's used his final thoughts to address the audience: “We have a huge amount left to do – but its not too late yet.”

The Climate Innovation Forum is taking place this week (29 June -1 July) to explore the UK’s Ten Point Plan for a Green Industrial Revolution – exploring how to build back better, support green jobs, and accelerate our path to net zero.

The Forum will bring together 150 world-class speakers to deliver compelling keynotes, contribute to high-level panel sessions and deep-dive industry tracks, and join interactive roundtables

Register now to connect with thousands of senior policy makers from local authorities, national UK government, investors, climate-tech solution providers, heads of sustainability from FTSE 500 companies, and NGO’s in order to close the gap between ambition and action.

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