Fed Outlines Steps to Address Climate-Related Financial RiskAnother example that climate changes are now taken seriously more than it ever been. And that's in line with what Peter often says, about bankers now putting pressure on companies to show their commitment to reduce GHG ottherwise not to be financed.
From today's Wall Street Journal:
Fed governor Lael Brainard detailed how the central bank is preparing to beef up its assessment of growing threats from climate-related events, which could deliver unexpected shocks to the economy and markets.
Fed’s Brainard Says Banks Likely to Need Direction From Regulators on Managing Climate Risks
‘Climate change could have profound consequences’ on economic activity, says Fed governor