The Ex-Banker Who Wants Banks to Pay for Climate Change

Diplomats heading to the United Nations climate conference in Glasgow next week know their governments can only raise a fraction of the trillions needed to cut carbon emissions and transition the energy market to renewables. They asked Mark Carney to come up with the rest.

Mr. Carney, the former head of central banks in Canada and the U.K., beseeched, cajoled and browbeat the world’s top financiers to pay the bill. When that failed, powerful allies flexed their muscles.