CFTC report lays out radical measures to combat climate risk

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By Ross Lancaster
10 Sep 2020

The Commodity Futures and Trading Commission — the top derivatives regulator in the US — laid out the risk that climate change poses to financial stability in stark terms in a report it released on Wednesday.

The CFTC’s climate market risk subcommittee produced the report and then unanimously voted to back its suggestions. It highlighted climate change as a major threat to US financial stability and the US economy, both directly and indirectly.

Indirect effects included “vulnerabilities caused by a pandemic that has stressed balance sheets, ...

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