Tension is growing in the US financial system between increasing climate impacts and declining focus on addressing those impacts, says former Fed governor Kevin Stiroh.
US regulators continue to pull back on climate risk policies, despite increasing evidence that climate change is already impacting the US economy.
The FSOC’s progress report on climate change highlights the efforts US agencies have made and recommends more coordination on data and risk analysis. …
Amid intensifying attacks from Republican lawmakers, US treasury secretary Janet Yellen has repeatedly defended regulators’ action to address climate risks.
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