Fed examines climate risks in stability report for first time

Lael Brainard
Lael Brainard: action on climate risks is “vitally important”

The Federal Reserve has acknowledged the potentially severe impact of climate change on the financial sector in one of its flagship publications for the first time.

The Fed has been one of the few major central banks to largely avoid commenting on climate risks, and it has not yet joined the Network for Greening the Financial System (NGFS).

But on November 9 it included analysis on climate risks in its financial stability report for the first time.

Governor Lael Brainard released a statement

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: