Governments must rebuild their economies after the coronavirus crisis to withstand the next shock heading their way - climate change, the central bank governors of Britain and France have said.
“Unless we act now, the climate crisis will be tomorrow’s central scenario and, unlike COVID-19, no one will be able to self-isolate from it,” Bank of England Governor Andrew Bailey and his French counterpart, François Villeroy de Galhau, wrote in a joint article published in the Guardian newspaper.
“To address climate breakdown, we can instead take decisions now that reduce emissions in a less disruptive manner. That requires us to be strategic. To build back better,” they said.
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