The climate crisis is at high risk of becoming an economic crisis. That is an increasingly widespread view among leading economic thinkers — that a range of economic and financial problems could result from a warming planet and humanity's efforts to deal with it.
Dozens of House Republicans are warning Federal Reserve Chair Jerome Powell against proceeding with climate risk regulations for the financial system, in the first major political rebuke of the Fed's new efforts.
As the effects of climate change grow increasingly evident across the world, Federal Reserve officials are signaling fresh concerns about the dangers that extreme weather poses to the economy and to the financial system.
