Fed Formally Calls Out Climate Change as Stability Risk – Politico
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Article Synopsis – For the first time, the Federal Reserve has officially acknowledged climate change as a “potential threat to the stability of the financial system”. In its semiannual report on financial stability it stated, “The Federal Reserve is evaluating and investing in ways to deepen its understanding of the full scope of implications of climate change for markets, financial exposures, and interconnections between markets and financial institutions.” To read the actual article click here.