Biden’s Climate Strategy Highlights Importance Of Physical Climate Risk
Publish Date: 10/19/2021
News Source: Forbes
The Biden administration has released details of its strategy to address climate change as a risk to financial stability, as a risk multiplier for economic shocks. It outlined plans to measure, disclosure, manage and mitigate the systemic risks that come alongside climate change. What makes it stand out however is the focus on physical risk, rather than the transition or policy risk that is the focus of many climate approaches.
