The U.S. Financial System and Climate Risk: Putting the Report of the CFTC's Climate-Related Market Risk Subcommittee in Context

Environmental Law Partners Amy Edwards and Dianne Phillips and Financial Services Partner Kara Ward co-authored an article for Pratt's Energy Law Report discussing recent climate initiatives and the financial industry. In the past year, climate change has seen increasing focus as a global risk to financial institutions, and President Joe Biden has stated that two of his top priorities are tackling the climate crisis while rebuilding a strong economy. In this article, the authors analyze recent reports highlighting the connections between these two areas, outlining risks for financial institutions and offering recommendations for regulators.

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