Climate change poses systemic financial risks, but U.S. regulators have not taken steps to protect markets, according to a report from Ceres. The physical impact of climate change causes economic risks and should be a call to action for financial regulators. The MacArthur-supported report recommends eight immediate steps including enabling investors to address climate change risks, mandating climate change disclosure, incorporating climate resilience and racial equity into financial stability conversations, and strengthening global coordination.
