Wall Street banks make progress on climate change finance, but a group of big investors representing $1 trillion warn Federal Reserve Chair Jay Powell of systemic market risks.
Some of the country's biggest investors wrote a letter to Federal Reserve Chair Jerome Powell this week demanding regulatory action related to climate risks.
Ceres, along with 72 other signatories, including investors managing close to $1 trillion in assets, nonprofits and public officials, wrote a The top recommendations include uniform regulations for financial institutions to measure and disclose the impact their loans and investments have on emissions, and integrating climate into risk assessments to prevent economic downturns and manage financial stability.a stress test for climate
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