Mark Carney, former governor of the Bank of England, said in an interview with the media on Thursday that there was an annual investment opportunity of up to $2.5 trillion in energy infrastructure, equivalent to 2 per cent of global GDP, which would significantly boost global economic growth.
Carney said the global economic rebound is likely to expand further and the progress made at the COP26 summit will boost economic growth in the medium term.
It is understood that Carney stepped down as governor of the Bank of England in March 2020, after which he did not return to the financial sector, but devoted his energy to dealing with international climate change.
He gave guidance to British Prime Minister Boris Johnson ahead of next month's COP26 summit. During his time at the United Nations, he also spearheaded the establishment of the Glasgow net Zero Financial Union (GFANZ), which currently brings together more than 160 institutions with total assets of $70 trillion. All initiatives under the Alliance require these institutions to set medium-and long-term goals based on science, consistent with the standards of the towards Zero carbon initiative, and to ensure that net zero emissions targets are achieved by 2050.
Carney also joined investment giant Brookfield Asset Management Inc last year to help the company further increase its influence in the investment field. He told investors on Sunday earlier this week that he expected listed companies to fully adopt a net zero-carbon emissions plan in the next few years.