Carney to Trump: 'Rules-based order is fading' - Davos Challenge Response

• Mark Carney addressed the World Economic Forum in Davos, discussing climate finance, sustainable growth, and global economic stability.
• He highlighted the urgent need for coordinated financial reforms to support a low-carbon economy and emphasised responsible investment and financial system resilience.
• Carney stated that the 'rules-based order is fading' and that the world is experiencing a 'rupture,' not just a transition, with great powers using economic integration as a weapon.
• He urged middle powers like Canada to stop 'living within a lie' and build a new order based on values like human rights and territorial integrity.
• Canada is shifting its strategic posture, focusing on 'values-based realism,' strengthening its domestic economy, diversifying international partnerships, and building coalitions for collective action.

Why It Matters: Mark Carney declared the 'rules-based order is fading,' urging middle powers to forge a new, value-driven global system.