Ah, wouldn’t it be lovely!?
Is this the beginning of the Minsky Moment Mark Carney has feared? In short, that was because the trading markets had not priced in (a) the risks from climate change, and (b) the risks from fossil fuels being abandoned in favor of clean energy. Dr Carney has repeated expressed his concern that if impacted companies did not provide this risk information to investors, they would be blind to the impending change and what it might cost them. The Minsky Moment, then, would be a sudden awakening on the part of investors, acknowledging the risk, and, in a short time, pricing in its implications into the values of their holdings, causing a market crash.