Photo of canary wharf, with white text overlaid that reads, 'A tragedy of the horizon? Nature degradation could erode 12% of GDP, a new GFI report shows.'

A tragedy of the horizon? Nature degradation could erode 12% of GDP, a new GFI report shows.

In a now well-established speech in 2015, Mark Carney (ex-governor of the Bank of England) located failings around climate change not within a tragedy of the commons, but within a “Tragedy of the Horizon”.