Reuters reveals Wall Street sees first Fed climate change review in 2023

Reuters took readers on a deep dive into how, as the U.S. Federal Reserve trails other major central banks in tackling climate change, it is catching up on a critical front: figuring out if rising temperatures could topple a major bank or even the entire financial system. The potential effects of climate change – rising sea levels, worsening floods and fires, and government policies transitioning away from carbon-heavy industry – could destroy trillions of dollars of assets around the globe.