"A New Sustainable Financial System Can Secure a Net Zero Future for the World" (Mark Carney, 2021): An Analysis of the Key Climate-related Policies in the Financial Services Sector and the Extent to Which Government Regulation Influences the Sector's Ability to Be a Driver of Change

It has been claimed that "a new sustainable financial system can secure a net zero future for the world" This article investigates what such a financial system would look like, how it would work and its effectiveness in driving a reduction in greenhouse gas emissions and global warming. A key element of this is the Task Force for Climate- related Financial Disclosures (TCFD) which sets a benchmark of best practice internationally. The TCFD forms the backbone of sustainable finance policies in the United Kingdom and Australia, which are used as case studies to understand how the legal arenas in which financial intermediaries operate influences the sector's ability to embed the TCFD recommendations and act as a driver for a more sustainable society.