"the highest FX implied volatility, the highest equity risk premium and lowest real yields of any advanced economy." Climate change Carney has taken a leading position on the need for climate action. Taskforce on Scaling Voluntary Carbon Markets (TSVCM) In 2020, Carney launched the Taskforce on Scaling Voluntary Carbon Markets—an initiative to increase trading of voluntary carbon offsets— with Bill Winters as Group Chief Executive. The TSVCM is sponsored by the Institute of International Finance. Taskforce members include more than "40 leaders from six continents with backgrounds across the carbon market value chain", including representatives from the Bank of America, BlackRock, Bloomberg's New Energy Finance, BNP Paribas, BP, Boeing, Goldman Sachs, Tata Steel, Total, IHS Markit, and LSE. In a December 3, 2020 Financial Times article, Carney said that the voluntary global carbon offset market was an "imperative" to help reduce emissions. The Times article cited Carney saying London would likely be the host of the new "new pilot market for voluntary carbon offsets" which could be "set up" by December 2021. Moral to market sentiments On December 2, 2020, Carney delivered the first of four Reith Lectures—the BBC's flagship annual series. In "How We Get What We Value – From Moral to Market Sentiments", he said society had come to esteem financial value over human value and moved from market economies to market societies. The series covers a trio of crises—credit, Covid and climate. Personal life Carney met his wife, Diana Fox, a British economist specializing in developing nations, while at the University of Oxford. She is active in various environmental and social justice causes. The couple married in July 1994 while he was finishing his doctoral thesis. They have four children and lived in Toronto, before moving to the Rockcliffe Park neighbourhood of Ottawa and then moving to London in 2013. They moved back to Ottawa when Mark Carney left his role in the Bank of England. During his Harvard years, Carney was backup goalie for the school's ice hockey team. Carney continued playing the sport with the Oxford University Ice Hockey Club while studying at Nuffield College, Oxford. Carney completed the 2015 London Marathon in 03:31:22, which was 17 minutes faster than his time at the 2011 Ottawa Marathon. Carney speaks fluent French. In addition to his Canadian citizenship, he also holds Irish (two of his grandparents are from County Mayo) and British citizenship. He has distant