Mark Carney will replace Michael Bloomberg as UN envoy for climate action and finance when he steps down as governor of the Bank of England next month

• Mark Carney, 54, will become UN special envoy for climate action and finance 
• He will take the part-time role when he steps down as Bank of England governor
• His appointment comes ahead of Monday’s climate summit in Madrid, Spain

Mark Carney is set to become the United Nations special envoy for climate action and finance when he steps down as governor of the Bank of England next year.

Mr Carney, 54, will replace Michael Bloomberg, the owner of the financial news publication and former mayor of New York, who stepped down to run for president.

His appointment by UN secretary-general António Guterres comes ahead of today’s climate summit in Madrid.

Mark Carney (pictured) is to become the United Nations special envoy for climate action and finance when he steps down as governor of the Bank of England next year. His appointment by UN secretary-general António Guterres comes ahead of today’s climate summit in Madrid

Mr Guterres, 70, said the Bank of England governor would help him in ‘galvanising climate action and transforming climate finance’, and that his role would be ‘…to support the transition to a net-zero carbon economy,’ The Times reports.

Mr Carney said that ‘investing for a net-zero world must go mainstream’, adding: ‘The Bank of England, the UK government and the UK financial sector can play leading roles in making these imperatives happen.’

Originally from Canada, Mr Carney spent more than a decade at Goldman Sachs before joining the Bank of Canada. He became governor in 2007 and took up the same role in England in July 2013.

Mr Carney, who is due to leave the bank on January 31, will receive a token $1 a year for the part-time role. 

He could still stay on as governor beyond January however, having pledged to help steer Britain’s economy during its Brexit transition.    

His appointment as climate change envoy comes as no surprise given his many speeches on the issue since 2015. 

Mr Carney, 54, will replace Michael Bloomberg (pictured), the owner of the financial news publication and former mayor of New York, who stepped down to run for president

Mr Carney’s term as Bank of England governor was extended to January 2020 a year ago by then-chancellor Philip Hammond.

The seven-month extension was designed to help smooth Britain’s exit from the EU ease worries in the markets.

But with the past year’s Brexit chaos and delays there are fears regarding a handover in the middle of such a massive upheaval.   

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