The largest six banks in the United States have been given until July to show the Federal Reserve what effects disastrous climate change scenarios could have on their bottom lines.
The U.S. government under President Joe Biden is working closely with the international community to tackle climate change, increase the scale of climate finance and leverage additional private investment, Treasury Secretary Janet Yellen says.
Addressing interconnected global challenges - from COVID-19 to climate change and inequality - will require rethinking international institutions, leadership and where solutions come from, governance experts said this week.
Climate change poses a serious threat to global growth, the head of the International Monetary Fund said on Monday, urging the world's top emitters to agree on a floor for carbon prices.
Finance officials from the world's 20 biggest economies on Sunday referenced climate change in their final communique for the first time in U.S. President Donald Trump's administration, but stopped short of calling it a major risk to the economy.
The United States is against mentioning climate change in the communique of the world's financial leaders, G20 diplomats said, after a new draft of the joint statement showed the G20 are considering including it as a risk factor to growth.
