Firms ignoring climate risk will go bankrupt says Mark Carney

The key to a smooth transition to a zero carbon world is disclosure by companies of the risk that climate change poses to their business. It is no longer just about what businesses do to the environment, but also how the changing climate will affect asset value, investor choices and ultimately a business' bottom line.

Companies and industries that are not moving towards zero-carbon emissions will be punished by investors and go bankrupt, the governor of the Bank of England has warned.