Could climate change spark a financial crisis? Candidates warn Fed it’s a risk

by John Lippert, InsideClimate News

A few of the Democrats running for president have started warning about climate change in a way that voters rarely think about yet can profoundly affect their lives. To sum it up: If you think the housing crisis was bad, wait until you see how the climate crisis plays out for financial markets.

The candidates are urging the Federal Reserve—the United States’ central bank—to work with financial institutions around the world to confront climate risks that could trigger cascading collapses.

They also want regulators to ensure that America’s financial system is resilient to the impacts of climate change.

Read more: https://insideclimatenews.org/news/15072019/climate-change-financial-crisis-fed-powell-presidential-candidates-stranded-assets?utm_source=InsideClimate+News&utm_campaign=d1bb245563-&utm_medium=email&utm_term=0_29c928ffb5-d1bb245563-327824881

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