Mark Carney, former Governor of the Bank of England, co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ), and UN Special Envoy on Climate Action and Finance[1].
A record about how climate policy and monetary policy can become entangled through the same people and networks.
Carney was Governor of the Bank of England. He then became co-chair of GFANZ and the UN Special Envoy on Climate Action and Finance. The Bank for International Settlements coordinates ESG frameworks globally, including through the Financial Stability Board. The record says that when Carney talks about driving climate policy, when the Federal Reserve considers climate risk in monetary policy, and when the BIS coordinates ESG frameworks, they are not fulfilling their monetary mandate. GFANZ commitments are not binding on members, and Carney's climate-finance work was not an official Bank of England mandate.
It shows how the same people move between central banks, international bodies, and private alliances, so that climate goals and monetary policy can be pushed together without a clear public mandate.
Oct 1, 2026 — Carney said Ottawa is listing the 1m barrels-a-day Pacific Link oil pipeline as a project of national interest; Ottawa says it would create 140,000 jobs. (aljazeera.com)