In a first under the Biden Administration, a committee under the U.S. Department of Treasury has identified climate change as an “emerging and increasing threat to U.S. financial stability.” The new report by the Financial Stability Oversight Council (FSOC) was created after President Biden signed Executive Order 14030 on May 20 which ordered the U.S. Treasury to develop a comprehensive strategy to measure the climate-related financial risk …
The post Climate Change Identified as Risk to U.S. Financial Stability appeared first on DSNews.
