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February 19, 2020 | Carney: “The Smart Money is on the Transition from Fossil Fuels”

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Some argue that the transition to renewable energy and environmental sustainability is a non-financial topic.  In fact, both are fundamental to financial, social and economic viability.  The ‘smart money’ understands that.

“Every major company needs to have a strategy for net-zero,” says Mark Carney, the next UN Special Envoy on Climate Change, “the smart money is on the transition from fossil fuels.”

In conversation with The Sunday Edition‘s host Michael Enright, Carney stressed that citizens in countries such as Canada and the United Kingdom have agreed, through their elected parliaments, to meet the target of the 2016 Paris Agreement to limit the increase in global temperatures to 1.5 degrees C. The Intergovernmental Panel on Climate Change has stated that target cannot be met without reaching net-zero emissions by 2050.

Here is a direct audio link to his interview on CBC radio on Friday.

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February 19th, 2020

Posted In: Juggling Dynamite

2 Comments

  • Avatar Darren says:

    The Canadian government could not even run a bubble gum machine without running a deficit. Does anyone really think they can control the climate to with in .5 degrees C based on a bogus theory ?

  • Avatar Jim Jones says:

    The world will become less reliant on fossil fuels…. Due to capitalist competition driving innovation… Reading Daniel cheer on socialists who want to tax away ALL of the savings the public will reap (and more), and then direct the “re-investment” of the common wealth into pointless make work, white collar jobs for people who are under skilled and difficult to employ…in the name of climate change. Phoey! Beware, the Free Sh!t army and their leader Greta approacheth.

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