Federal Reserve joins NGFS

Jerome Powell
Federal Reserve chairman Jay Powell
Photo: US Federal Reserve

The Federal Reserve joined the Network for Greening the Financial Sector today (December 15), along with seven other organisations.

The move follows the electoral defeat of US president Donald Trump, who withdrew the US from the Paris Agreement on combating climate change. It comes three years after the group of central banks and financial supervisors was created. Officials working with the NGFS have repeatedly said the Fed joining could prove highly significant for central banks’ efforts to

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