Capitalism is part of solution to climate crisis, says Mark Carney

Bank of England governor says firms that ignore crisis 'will go bankrupt without question'

Capitalism is "very much part of the solution" to tackling the climate crisis, according to the governor of the Bank of England, Mark Carney.

Challenged in an interview by the Channel 4 News presenter Jon Snow over whether capitalism itself was fuelling the climate emergency, Carney gave a strident defence of the economic system predicated on private ownership and growth but said companies that ignored climate change would "go bankrupt without question".