• Paul Ingram

Will failing to adapt to climate change result in businesses going bankrupt? - Mark Carney thinks so

The Bank of England's Governor, Mark Carney, while speaking to Channel 4 News, said that companies that fail to adapt to climate change will "without question" go bankrupt.

Although he did also state that he believes that "great fortunes" will be made along the way.

Image from Sky News

Mr Carney further explained how capitalism can help, with more money shifting towards adapting for climate change being a large answer to the problem.

He also stated that the damaging effects of ignoring climate change were increasing.

Mark Carney, “Now there is $120 trillion [£99tn] of capital behind the framework that’s saying to companies: ‘Tell us how you’re going to manage these risks’ – that’s the first thing.

“The second thing that the capitalist system needs to do is to manage the risks around climate, be ready for different speeds of the adjustment and then the most important thing is to move capital from where it is today to where it needs to be tomorrow. So the system is very much part of the solution.”

#bankofEngland #CleanEnergy #ClimateChange

Our Details

Unit 13 Newby Road Industrial Estate

Hazel Grove



See our Location 

Tel: 0161 456 2733

Contact Form

Follow Us
  • Twitter Social Icon
  • LinkedIn Social Icon
  • Yelp Social Icon

iPower Generation are part of the Ingram Power Group. A team of companies offering a range of Generator and power systems for a wide range of applications.

Working within this groups gives us a wider range of knowledge and ability to better serve our customers.


We represent the Green Power Generation division of the group, with our Clean, Low Carbon, and efficient generators and power systems. With our specialities in flexible instant response, energy storage and generation products, as well as our Off-Grid Electric Car Charging.

Copyright 2021 iPower Generation. All Rights Reserved 

All our calls are recorded for training and monitoring purposes