Mark Carney, current Governor of the Bank of England, will join the UN in fighting climate change.
In Brief:
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Carney will leave the bank on 31 January 2020.
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He will take on the new role from next year, it was announced on Saturday.
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The former envoy, Michael Bloomberg, stepped down in November.
What does this mean?
The announcement was made at the UN Climate Summit in Madrid, with UN Secretary-General Antonio Guterres citing Carney’s work in pushing the finance sector to impact climate change. Carney will be paid just 77p a year for the new role.
