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Mark Carney: Climate crisis deaths ‘will be worse than Covid’

February 6, 2021
tags:

By Paul Homewood

 

 

h/t Philip Bratby

 

The BBC’s propaganda continues!

 

 image

The world is heading for mortality rates equivalent to the Covid crisis every year by mid-century unless action is taken, according to Mark Carney.

The former central banker said the investment needed to avert millions of deaths was double current rates.

But with governments ploughing billions into keeping economies afloat, a question mark hangs over whether the recovery will be green enough.

The answer lies in smarter investment, Mr Carney said.

Mr Carney, who was the Bank of England governor up until last year, and the head of the Bank of Canada before that, is now the United Nations envoy for climate action and finance.

He told the BBC that while there were parallels between the Covid-19 pandemic and climate change, damage to the environment and ecosystems has the potential to cause many more deaths.

"One of the biggest issues is you cannot self-isolate from climate," he said. "That is not an option. We cannot retreat in and wait out climate change, it will just get worse," he told Talking Business Asia: The Climate Change Challenge.

"When you look at climate change from a human mortality perspective, it will be the equivalent of a coronavirus crisis every year from the middle of this century, and every year, not just a one-off event. So it is an issue that needs to be addressed now."

But governments pouring trillions of dollars into stimulus plans to rescue their ailing economies are mainly addressing job losses and the economic damage inflicted from lockdowns.

Very little of that cash is heading towards reducing carbon emissions, although emissions have fallen in the past year because people aren’t travelling as much.

Mr Carney, who is tasked with persuading policymakers, chief executives, bankers and investors to focus on the environment, said: "The scale of investment in energy, sustainable energy and sustainable infrastructure needs to double.

"Every year, for the course of the next three decades, $3.5 trillion (£2.5tn) a year, for 30 years. It is an enormous investment opportunity."

He said the answer lies in a global pot of $170tn of private capital which, he says, "is looking for disclosure".

https://www.bbc.co.uk/news/business-55944570

 

Carney’s claim that millions will die because of climate change is absurd. The number of people dying as a result of natural disasters is a tiny fraction of what it used to be, and there is no evidence this trend will reverse:

number-of-deaths-from-natural-disasters

https://ourworldindata.org/natural-disasters

 

As Our World In Data explain, this decline has been due to economic growth, and there is still room for improvement:

 image

 

 

And thanks to steadily improving food production, the incidence of undernourishment has declined substantially:

 prevalence-of-undernourishment-in-developing-countries-since-1970 https://ourworldindata.org/hunger-and-undernourishment

 

All indicators point to these trends continuing.

 

Carney inadvertently reveals his real motivation  when he says “It is an enormous investment opportunity."

This is of course what it is all about. Banks, investment funds and wealthy individuals want nice fat returns on their investments, and government mandated and subsidised green infrastructure provides exactly what they want with little risk.

Who needs risky private sector schemes, when you can get guaranteed profits from the public sector?

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Carney’s true colours are revealed when he says:

But governments pouring trillions of dollars into stimulus plans to rescue their ailing economies are mainly addressing job losses and the economic damage inflicted from lockdowns.

Very little of that cash is heading towards reducing carbon emissions,

Job losses and economic damage? Why should they concern a man of international finance? They are just the concerns of ordinary people.

53 Comments
  1. Mad Mike permalink
    February 6, 2021 1:59 pm

    Carney offers absolutely no evidence to back up his assertion and the BBC is not allowing comment on the article as usual

    • Curious George permalink
      February 6, 2021 6:17 pm

      Heading the Bank of England provides you with a lifetime clairvoyant capacity. Under Mr. Carney’s able leadership, the Bank successfully maintained its position as the eighth-oldest bank in the world.

      • Gerry, England permalink
        February 7, 2021 11:19 am

        Carney’s interest rate policy was a shambles and damaging to the economy. Having told everyone that there was a benefit in having clear target points for rate decisions he moved the goalposts every time a rate rise should have come as his forecast time to reach every point was wrong. Utter tosser and no surprise he was employed by another idiot George Osborne.

  2. ianprsy permalink
    February 6, 2021 2:00 pm

    This post came just after an exchange with a friend:

    Comment by local contact:

    “Dan the Man” (Jarvis, Mayor of Sheffield as well as MP) is pontificating again in today’s Yorkshire Post about his performance in “ambitious plans” in Sheffield city centre to “boost walking, cycling and public transport”.

    This is to be achieved it would appear “mainly by road closures”, together with the introduction of priority bus lanes, a large segregated cycle lane, a Dutch style roundabout (whatever that is?) and continuous footpaths in some areas linking into the city centre.

    He goes on to say “This will not only benefit the health of our residents, but also help address the climate crisis. I’m determined to build a stronger, greener and fairer future for South Yorkshire and investment in our better public transport is crucial to this mission”.

    Funding is from the government’s “Transforming Cities Fund” grant award of £166M to the Sheffield City Region.

    You can always spend someone else’s money without it being seen as a cost to the taxpayer, and take the credit for it!

    My reply:

    If there has to be a collective name for politicians it has to be A Hypocrisy.

    When everybody who can afford one’s bought a new bike or pair of stout walking shoes, it’ll still leave a fundamental problem in place – none of it addresses poverty. Search on “dan jarvis fuel poverty and the first page brings up:

    https://www.yorkshirepost.co.uk/news/opinion/columnists/societys-duty-act-now-over-fuel-poverty-prevent-needless-winter-deaths-action-hots-across-south-yorkshire-dan-jarvis-1749443
    https://www.danjarvis.org/a_quiet_crisis
    https://www.newstatesman.com/microsites/energy/2017/12/how-fuel-poverty-burdening-uk-economy-and-nhs
    https://www.danjarvis.org/child_poverty
    https://www.yorkshirepost.co.uk/news/opinion/columnists/treat-oap-fuel-poverty-seriously-coronavirus-yorkshire-post-says-2072073
    https://labourlist.org/2017/02/dan-jarvis-poverty-destroys-childhoods-it-is-our-mission-to-defeat-it/
    https://www.danjarvis.org/jarvis_speaks_at_num_miners_memorial_lecture
    https://www.theguardian.com/society/2016/jan/20/older-person-dying-winter-fuel-poverty

    He’s obviously a clever bloke, so why can’t he see (and his ilk) what’s so wrong with his green agenda?

    • Gerry, England permalink
      February 7, 2021 11:26 am

      Obviously depends on your definition of ‘clever’. Many public servants with impressive qualifications and experience act like complete morons once in office.

      What his plans for the city centre will achieve is more bankrupt retailers, empty shops and in turn also empty office buildings as it will become impossible to have your building serviced properly so when leases are up they will relocate to a better location. This is starting to happen in the City of London for smaller companies as onstreet parking places are removed and streets closed off.

  3. February 6, 2021 2:06 pm

    The BBC does not seem to be hosting comments on this article.
    I wonder why?
    Paul what have you done?

    • A man of no rank permalink
      February 6, 2021 7:37 pm

      GBNews coming soon – all major UK platforms including Freeview, Sky, Virgin Media, YouView and Freesat, reaching 96 per cent of British households. Cannot find the start date yet.

  4. philip walling permalink
    February 6, 2021 2:09 pm

    Davos Man.

    • xmbea permalink
      February 6, 2021 2:14 pm

      He got it wrong on Brexit as well!

    • February 6, 2021 2:49 pm

      You/we are being softened up – they hope – for yet more lifestyle restrictions. Which won’t apply to the Carneys of the world, obviously 🙄

    • February 6, 2021 5:20 pm

      His suit looks very bland. It needs a small red pin badge with 5 golden stars on it.

  5. Stephen Wright permalink
    February 6, 2021 2:13 pm

    We’ve had quite enough of Carney the sibilant catastrophist!

    • Chaswarnertoo permalink
      February 7, 2021 10:05 am

      Carnage.

  6. Broadlands permalink
    February 6, 2021 2:13 pm

    “Very little of that cash is heading towards reducing carbon emissions…”

    Lowering carbon emissions does not lower CO2 already in the atmosphere. CO2 is claimed to be the “control knob” to lower global temperatures. Lowering emissions will have no effect on temperatures. It serves only to keep carbon in the ground. Perhaps a plus needed for the future?

    • richardw permalink
      February 6, 2021 2:57 pm

      Anybody in favour of demonstrating at COP 26? Or is something already being organised?

      • mikewaite permalink
        February 6, 2021 5:13 pm

        UK could actually make some money out of this. COP26 will attract 40000 delegates so I read . Of course each will have to quarantine on arrival at a cost of £2000 each . So £80 million for us. Should buy a few more trays of vaccines since the next winter wave will be appearing then .
        Only problem is that COP26 is in Glasgow I think so that Sturgeon will grab all the money and use it to fund her independence campaign . On second thoughts – perhaps not a problem.

  7. geoffb permalink
    February 6, 2021 2:20 pm

    If the climate change propaganda is over the top now, what is it going to be like nearer COP26. The fact is Carney is a high profile person and is well respected, How can his viewpoints be challenged? Presenting the facts does not seem to be working.

    • Gerry, England permalink
      February 7, 2021 11:31 am

      It is not so much Carney is respected it is that he has ‘prestige’. In the film A Bridge Too Far there is an intelligence officer called Fuller who tried to make the top brass aware of the presence of the 9th SS Panzer Division at Arnhem. He real name was Urqhart – no doubt changed to avoid confusion with the general – and he has recently died. He was a career civil servant and his Market Garden experience taught him that no matter what facts you have to prove your point you will get nowhere without ‘prestige’ or in the face of people who have set their mind to do something no matter what.

  8. Penda100 permalink
    February 6, 2021 2:30 pm

    Is that Mark Carney the well known, eminent climate scientist or Mark Carney, the former central banker with a boondoggle to promote?

  9. Paul Kolk. permalink
    February 6, 2021 2:42 pm

    ” is now the United Nations envoy for climate action and finance.”
    This means I talk, you pay.

  10. Jackington permalink
    February 6, 2021 2:48 pm

    If Carney, Biden, Attenborough and Johnson pere et fils get their way what will be the point of having planet earth? It will be worthless and redundant.

  11. It doesn't add up... permalink
    February 6, 2021 2:53 pm

    It is of course the poverty that will follow from net zero policies that will cause a large increase in deaths. Then again, for Malthusians that is perhaps the plan.

    • Chaswarnertoo permalink
      February 7, 2021 10:07 am

      Gates of hell and Bonnie Prince Proper Charley are in favour…

  12. Harry Passfield permalink
    February 6, 2021 3:00 pm

    Another one of the blob’s recruits to Carny’s Army: fully bought and paid for. They could give ‘the swamp’ a good name – if it wasn’t for the fact that many of them cut their teeth in it.

  13. Thomas Carr permalink
    February 6, 2021 3:02 pm

    I have heard some euphemisms in my time but Carney’s ” is looking for disclosure” is a corker. I guess that it means a wealth tax or confiscation of private assets. Anyone do better?

  14. Brian Smith permalink
    February 6, 2021 3:03 pm

    What is he on? Is this just take news or did he actually say these things? Quite mad.

  15. LeedsChris permalink
    February 6, 2021 3:19 pm

    The problem we have now is all our main political parties in the UK are signed up for this – almost in lockstep and similarly extreme. Meantime local authorities, and in my case the local parish council have declared ‘climate emergencies’. We even have our own local climate assemblies that operate like Mao’s Red Guards. Democracy is not functioning. I feel all that can be done now is to wait for the inevitable Venezuelan style disaster. Meantime I might hold onto those gold sovereigns I bought many years ago and grow as much of my own food as I can.

    • Mack permalink
      February 6, 2021 8:45 pm

      There is a massive open goal awaiting any serious politician wishing to take up the cudgel and promote a counter narrative to the current alarmist doggerel, particularly as electricity prices start to hike and the government thrashes around looking to add carbon taxes on to everything in order to fill an empty treasury chest. It doesn’t look like the candidate will come from any of the 3 main political parties as they, and their financial backers, are all heavily ‘invested’ in the scam.

  16. Harry Davidson permalink
    February 6, 2021 3:35 pm

    When he was brought in as Governor of the Bank of England, I thought he would be good. He turned out shallow, predictable, un-imaginative and unable to question his own orthodoxy, or allow anyone else to do so. No surprise when he became an Alarmist then, a world just made for him.

  17. Ajax Ornis permalink
    February 6, 2021 3:37 pm

    What a sad little fellow. No proper job, so he’s now spinning some new fairytales to keep us all amused. Successor to Grimm perhaps ?

  18. Gamecock permalink
    February 6, 2021 3:43 pm

    Carney is correct. But he has it backwards. As you shut off people’s heat because of the Climate Crisis™ many will die. Yes, even more than from Covid.

    Climate Crisis™ is going to reduce Britain’s population by 60 million. Though I think more will move away than die. You will not survive Net Zero.

    Britain at Net Zero cannot support many people. Certainly less than 10 million. [Nor, as I have pointed out several times, will it support a modern military. You’ll be naked as Pearl Harbor.] Fossil fuels have lifted 80% of the world’s population from extreme poverty.

    Net Zero = Extreme Poverty

    • Chaswarnertoo permalink
      February 7, 2021 10:08 am

      Carbon free fighter jets . 😂

  19. Chris Davie permalink
    February 6, 2021 3:52 pm

    Funny, isn’t it, how much more upbeat the announcements and economic forecasts from B of E have become since he left. Not just an alarmist – a fully fledged catastrophist!

  20. February 6, 2021 4:07 pm

    Carney is a Goldman Sachs stooge, like UK Chancellor Rishi Sunak. Follow the money…

    https://www.goldmansachs.com/insights/pages/taking-the-heat.html
    – – –
    BBC churning out more evidence-free climate fearmongering today, this time on their children’s website. The usual half-baked drivel for the masses, who are denied any sensible viewpoints.

    Millions of Brits vulnerable to floods or extreme heat
    https://www.bbc.co.uk/newsround/55950223

  21. JimW permalink
    February 6, 2021 4:18 pm

    ZeroCovid = ZeroCarbon = $trillions wealth transfer from poorest to richest = BioTech reset = New Feudalism = Fascism

    • Gamecock permalink
      February 6, 2021 6:41 pm

      “$trillions wealth transfer from poorest to richest”

      I don’t think so, Jim. As UK’s economy is rendered down to nothing, wealth won’t be transferred: wealth will be destroyed.

  22. Michael Jane permalink
    February 6, 2021 4:25 pm

    As as I started reading Mark Carney’s comments my first thought was “I wonder what gravy train he just joined!”
    It would be useful to have a list of the key figures who have jumped on the Zero Carbon bandwagon and with details of who is paying them.
    I believe it is highly likely that more money is now being spent on Zero Carbon marketing than any other marketing campaign. Time to name and shame the fat cats?

  23. Mad Mike permalink
    February 6, 2021 5:56 pm

    Another story from the BBC about what it will take to change our homes, heat pumps, hydrogen etc. It was being fairly honest, for the Beeb, until I read the cost which they put at £4 billion a year for a decade or so. 10 times that and you might be near the mark.No comments allowed of course.

    https://www.bbc.co.uk/news/business-55948531

  24. MrGrimNasty permalink
    February 6, 2021 6:48 pm

    From GWPF Twitter feed – Now they definitely want to cut off your power!

    https://www.thisismoney.co.uk/money/bills/article-8706033/amp/Smart-meters-used-switch-electricity-without-warning-compensation.html

    So yes, making everyone have electric heating the cutting it off in the middle of a cold spell will kill lots of people.

    • MrGrimNasty permalink
      February 6, 2021 6:57 pm

      I just noticed it’s dated last year so we’ve probably seen it before.

  25. George Lawson permalink
    February 6, 2021 7:41 pm

    “When you look at climate change from a human mortality perspective, it will be the equivalent of a coronavirus crisis every year from the middle of this century, and every year, not just a one-off event. So it is an issue that needs to be addressed now”

    It shows just how stupid the British government was to appoint Carney as Governor of the Bank of England. He obviously was never asked to do a commonsense test before he was appointed. What an outrageously stupid statement Does he really believe that trillions of dollars need to be spent so that we can all avoid dying in the middle of the century?

    • Duker permalink
      February 6, 2021 9:02 pm

      Hes advertising his ‘skills’ as a wheeler- dealer for the allocation of the billions he says ‘need’ to be spent’. He wants to remain on the World Stage just like Blair was after his time had passed, the currency for this sort of life is ‘first be noticed’.

  26. Kelland Hutchence permalink
    February 6, 2021 8:10 pm

    Yes, Davos man indeed.

    This is all part of the softening up process by which those behind the Great Reset – our future monarch and co – spread alarm, despondency and acceptance by the ill informed public of tight controls in keeping with the Chinese method (much admired by Prof Klaus Schwab). To be closely followed by the non democratic imposition of Green regulations because they know SO much better than us.
    Hence their slogans ‘Build Back Better’ and ‘You will own nothing; you will be happy.’ Not that any of that will apply to the wealthy attendees as Davos, of course.

    But be sure of one thing – when it comes (and it will) there will be NO debate in parliament, it will be nodded through by ignorant and idiotic MPS who won’t have a clue what they’ve done till it’s too late.

    • Mack permalink
      February 6, 2021 9:09 pm

      Kelland, if you look at how our citizens have repeatedly accepted periodic house arrest and the loss of their liberties under Covid restrictions with barely a murmur in opposition, it doesn’t bode well for the inevitable climate ‘lockdowns’ of the future.

  27. Cheshire Red permalink
    February 6, 2021 8:42 pm

    Carney is a liar.

  28. February 6, 2021 8:54 pm

    The Carney years saw the value of the British Pound roughly halve in value in gold terms from just under 1.4 thousandths of an ounce to near 0.70 thousandths. Great job. Worth every thousandths of an ounce.

  29. John Wilson permalink
    February 6, 2021 10:01 pm

    What more does a central banker know about climate change than the average truck driver ? And I don’t wish to insult truck drivers.

  30. martinbrumby permalink
    February 6, 2021 10:05 pm

    Carney is another one (with Cameron and Johnson) whose partner is a hard line greenie.
    Whether any of our Fearfull Leaders actually believe this GangGreen drivel, or just want to steer clear of the old sofa, I don’t know. In the meantime it must be like sleeping with Fang Fang.
    Perhaps, like her, they are trained for the job by the CCP Politburo.
    Our “elite” would have a bit more credibility if they were wagging their tiny fingers at Xi Jinping.
    Fat chance of that.

  31. February 7, 2021 5:26 am

    Maybe Mark Carney knows about the new tipping point. In my reading I found a new research paper that points out a horrific feedback loop no one knew about. It says that global warming is increasing the respiration to photosynthesis ratio in plants. It implies that the more it warms the greater will be the airborne fraction of fossil fuels. In other words, the more it warms, the faster it will warm. We have reached an airborne fraction tipping point.

    https://wp.me/pTN8Y-6iR

  32. cookers52 permalink
    February 7, 2021 6:14 am

    World financial leaders did not predict the world financial crisis of 2007. Even though it was obvious that the capital ratios of major regulated banks were not sustainable.

    Carney is one of them. Credibility zero.

  33. Bernard Taylor permalink
    February 8, 2021 12:03 am

    How do the opinions of somebody like Mark Carney get to be respected? When he was Govenor of the Bank of England he used to predict what the interest rates were going to be. His predictions were always wrong and yet he set the rates himself. He was useless as an economist and that was supposed to be his area of expertise.
    In one of his recent Reith lectures he talked about ‘physics envy’. He envied physicists because, unlike economists, they deal in certainties. Clearly he has never heard of Heisenberg or the rest of quantom physics. His ignorance was thus plain to see. Yet everyone was ever-so respectful to him. He does do an excellent impersonation of an intelligent and this is enough to fool the BBC.

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