The horizon closing in Turning to the topic at hand, while short-term uncertainty and risks naturally occupy our minds, it is crucial we don’t lose sight of other more structural challenges – in particular such a profound and fundamental one as climate change.
It has been nearly eight years since Mark Carney’s “Tragedy of the Horizon” speech.4 While a lot of other things have happened in the intervening years, since then climate and environmental risk for the financial sector has gone from a concept being debated to something that is part of many regulatory and supervisory conversations.