Think-tank urges Fed to tackle climate risk with capital regulation

Climate change

The Center for American Progress, a US think-tank, has called on the Federal Reserve to integrate climate risk into its capital regulations. In a new report, author Gregg Gelzinis, warns that “the United States … remains painfully behind” on greening financial regulation.

The report, published on May 11, states climate change is a “high-impact and high-probability occurrence”. Regulators have little choice but to prepare for it, regardless of whether other government agencies have more

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