For the United States to meet its goals for decarbonization and climate resilience, private investment must shift away from activities that exacerbate the climate crisis and focus on the deployment of clean technologies and resilient infrastructure. Congress also must ensure the financial system is resilient to the economic transition and climate impacts to come.
Expose climate-related risks to investors and the public by requiring public companies to disclose their climate risks and credit agencies to disclose how they evaluate climate risk.
Identify and manage climate-related financial risks through the Federal Reserve, including applying climate change scenarios to financial stress tests.
Assess and report on the systemic risk climate change poses to the U.S. financial system through the Financial Stability Oversight Council and Commodity Futures Trading Commission.