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Rolling coverage of the second day of the World Economic Forum in Davos, including Mark Carney on the climate emergency and Prince Charles on sustainability

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8.18am GMT
Rebecca English of the Daily Mail has some details of Prince Charles’s speech later today:
The Prince of Wales will arrive at #Davos today to launch his major new initiative, the Sustainable Markets Council. He’ll be arriving at the Summit in an electric car.
In a speech he’ll say: ‘With consumers controlling an estimated 60% of global GDP people around the world have the power to drive the transformation to sustainable markets.Yet we cannot expect consumers to make sustainable choices if these choices are not clearly laid before them
As consumers increasingly demand sustainable products, they deserve to be told more about product lifecycles, supply chains and production methods. For a transition to take place, being socially and environmentally conscious cannot only be for those who can afford it.
With 2020 being seen as the “super year”, kick-starting a decade of action for people and planet…I intend to do my utmost to ensure that the message of urgency, systemic change, collaboration and integration is heard.’
8.13am GMT
An addition to the agenda: UK chancellor Sajid Javid is appearing on a panel about the future of financial markets. Details here.
It’s 10.30am in Davos (9.30am GMT), along with US Treasury secretary Steven Mnuchin, IMF chief Kristalina Georgieva, and UBS’s Axel Weber. Continue reading...