Reuters reveals Wall Street sees first Fed climate change review in 2023 - Reuters News Agency
Business & FinanceEnvironment

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. 

Article Tags
Topics of Interest: Business & FinanceEnvironment
Type: Reuters Best
Sectors: Climate Change
Regions: North America
Countries: US
Win Types: Overall Coverage
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: Climate change activists voice their opposition to U.S. President Joe Biden reappointing Jerome Powell to serve a second four-year term as the chairman of the Federal Reserve and demand Biden appoint a climate advocate, during a rally outside the Federal Reserve in Washington, U.S., October 29, 2021. REUTERS/Leah Millis/File Photo/File Photo
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