Analysis: Climate change: Central banks’ new inflation puzzle

For Bank of England chief Andrew Bailey, tackling climate change carries inflation risks if you do too little, too late. For Larry Fink, head of investment giant BlackRock (BLK.N), the risk is if you go too fast.

Who’s right? The answer will depend on how policymakers, investors and consumers square up to the complex set of variables that, one way or another, will be disrupting the global economy in the not-too-distant future.

World leaders will head to Glasgow in November for United Nations talks to map a smooth path into 2050, the agreed deadline to cut planet-warming emissions to “net …