Carney (pictured) has served as Governor of Bank of England from 2013 and is set to leave mid-March when he will be replaced by chief executive of the FCA Andrew Bailey.

Andrew Bailey, chief executive of the Financial Conduct Authority (FCA) will become the new Governor from 16 March 2020.

Carney said: “I am honoured to have been appointed by the Prime Minister as the finance adviser for COP26 in Glasgow.

“The combination of these critical meetings and the UK’s global leadership in financial services provides a unique opportunity to address climate change by transforming the financial system.

“To seize it, all financial decisions need to take into account the risks from climate change and the opportunities from the transition to a net zero economy.

“The UK has a plan to do just that, and I look forward to working with the private sector, HM Government, the Bank of England and all stakeholders to help make this promise of sustainable finance a reality.”