>> Carney, when he was head of the Bank of England, first warned of a “climate Minsky Moment” in a speech to the directors of Lloyd’s of London in 2015, and he

>> Carney, when he was head of the Bank of England, first warned of a “climate Minsky Moment” in a speech to the directors of Lloyd’s of London in 2015, and he has repeatedly done so since. So, he's been wrong about a sudden shift for 10 years and counting? The piece's argument seems to be: 1. Climate change impacts are worsening 2. Decarbonization is needed to avoid 3. Ergo, decarbonization will accelerate Based on the last 20 years of government climate action, I'm not sure a sudden decarbonization is in the cards for any advanced economy.