Fed has said it will include climate change risk in future financial assessments as it held its first conference on the economic issues of climate change. Governor Lael Brainard said the central bank would need to examine how to protect the financial system from the impact of threats including extreme weather, high sea levels and rising temperatures, and to take climate change into account in its financial stability remits. Other central banks around the world have already introduced climate change policies. The conference was heavily oversubscribed and a webcast had to be launched to cope with demand.
The US Federal Reserve has said it will include climate change risk in future financial assessments as it held its first conference on the economic issues of climate change. Governor Lael Brainard said the central bank would need to examine how to protect the financial system from the impact of threats including extreme weather, high sea levels and rising temperatures, and to take climate change into account in its financial stability remits. Other central banks around the world have already introduced climate change policies. The conference was heavily oversubscribed and a webcast had to be launched to cope with demand.