Managing Climate Risk in the U.S. Financial System

Climate change is already impacting or is anticipated to impact nearly every facet of the economy, including infrastructure, agriculture, residential, and commercial property, as well as human health and labor productivity.”

The U.S. Commodity Future Trading Commission (CFTC) has released a report issuing dire warnings about climate changes impact on the financial markets. The CFTC assembled the Climate-Related Market Risk Subcommittee, a group of 34 experts from finance, academia, industry, and the public policy sector with the task of examining climate risks and proposing solutions. The Climate Subcommittee voted unanimously 34-0 to adopt the report.

Read the full report here.

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