Chanticleer
Carney warns of moving too slowly on energy transition
Mark Carney, one of the world’s most influential climate change powerbrokers, has sent an implicit message that the AGL board needs to be shaken out of its complacency.
Comments made by former Bank of England governor Mark Carney at The Australian Financial Review Business Summit about the energy transition were the ideal counterpoint to those made a day earlier by Macquarie Group’s Shemara Wikramanayake and Morgan Stanley’s James Gorman.
Wikramanayake and Gorman expressed concerns about the loss of social licence if the move away from fossil fuels happens too fast and causes energy prices to shoot up, whereas Carney warned of the risks posed from moving too slowly.
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