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Managing Climate Risks to Protect the Financial System

Expert BlogUnited StatesAlfonso Pating
Federal regulators have responded to the call from NGOs and senators alike to consider climate risk in bank oversight. This is good news for investors, banks’ stability, and our economy.

Biden Budget Meets the Moment on Global Climate Investments

Expert BlogUnited States, InternationalJake Schmidt, Brendan Guy
Congress should rally to realize this blueprint, including to rebuild confidence after its recently approved budget with anemic international climate investments.

NRDC Testifies on Banking and Climate Risks

Expert BlogNew York, United StatesRich Schrader
NRDC testifies about the unique and impactful role that the banking and financial services sector can play in combatting the global climate crisis.

US International Climate Finance Fails to Rise to the Moment

Expert BlogInternational, United StatesJake Schmidt
The final funding allocation falls pitifully short of what is needed to make a real difference in mobilizing necessary climate action and supporting the most vulnerable countries. This short-changed investment leaves the U.S. severely lacking the leadership the world needs…

Climate Change Disclosures: Is 2022 the Year?

Expert BlogUnited StatesTom Zimpleman
The SEC says it is considering requiring climate change disclosures from companies. Here is what those disclosures might look like, and what we should expect them to accomplish.

Fed Nominations: The Important, Empty Seat

Expert BlogUnited StatesSarah Dougherty

Fed nominations filled in some upcoming vacancies—but left the important position running bank supervision empty. This is especially important for managing climate risk and working to avoid a 2008-level financial crisis.

Green Banks: Taking Climate Finance from Pledge to Project

Expert BlogUnited States, InternationalCarolina Herrera

Local green banks and development finance institutions have a key role to play in channeling public finance to where it’s most needed most and unlocking private capital to jump start new local green markets.

OCC Commits to Next Step on Climate Risk for Banks

Expert BlogUnited StatesSarah Dougherty

The U.S. Office of the Comptroller of the Currency committed to putting out guidance on how it will integrate climate risks in its oversight of banks.

Time for Next Step on Climate Risk for Banks

Expert BlogUnited StatesRoger Baneman, Sarah Dougherty

Climate risk is just like any emerging financial risk that bank regulators must start to include in their oversight of banks.

US Commits to More International Climate Finance

Expert BlogUnited States, InternationalBrendan Guy, Jake Schmidt

The U.S. needs to urgently mobilize more international climate finance if we are going to have a chance of a successful climate summit in Glasgow this November, and any chance of keeping 1.5°C alive.