climate stress tests

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Two things we learned from Senate hearings about Build Back Better and the Fed's approach to climate change

Two things we learned from Senate hearings about Build Back Better and the Fed's approach to climate change

Yesterday was a busy day for environmental policy on Capitol Hill, as two Senate panels simultaneously held hearings on thorny issues surrounding climate change and clean energy.
bank of england climate regulation
Photo by Robert Bye on Unsplash

Banks ‘being let off hook by weak climate regulation’

The Bank of England is facing criticism over the way it is conducting its first climate stress tests, with politicians and campaigners warning that a lack of penalties for dirty assets will give banks little incentive to clean up their act.

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Climate change poses 'systemic threat' to the economy, big investors warn
www.nytimes.com

Climate change poses 'systemic threat' to the economy, big investors warn

Financial regulators should act to avoid economic disaster, according to a letter from pension funds and other investors representing almost $1 trillion in assets.
Should banks be forced to price in climate change?
www.politico.com

Should banks be forced to price in climate change?

An idea gaining global momentum could take hold in a Biden administration.
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