Links tagged “yellen”
- Treasury Sec. Janet Yellen warns ‘climate change’ could trigger asset value losses, harming US economy
Yellen: "As climate change intensifies, natural disasters and warming temperatures can lead to declines in asset values that could cascade through the financial system. And a delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system as well," she said in remarks prepared for delivery at the advisory board's first meeting.
- Biden Treasury Sec. Yellen stands in front of straw hut telling African farmers they can fight climate change
Secretary Yellen speaks to viliagers in Chongwe, Zambia. Photo: Hans Nichols/Axios
- Biden Treasury Sec. Janet Yellen: US regulators to assess risk posed by ‘climate change’ to financial system
- Biden signs order directing studies of climate-related financial risks
President Biden on Thursday signed an executive order directing several federal departments and agencies to analyze the risks climate change poses to the U.S. financial system and federal government, the White House announced.
“We know that the climate crisis, whether through rising seas or extreme weather, already presents increasing risks to infrastructure, investments, and businesses. Yet, these risks are often hidden,” the White House said Thursday.
Gauging and managing the financial risks and economic impacts of climate change has been a pillar of the Biden administration’s environmental policy. Under Treasury Secretary Janet Yellen, the department has begun developing a “whole-of-economy” strategy meant to clear a financially stable and economically productive path to carbon neutrality.
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Sec. Yellen Is Creating a New Senior Treasury Post for Climate Czar
- Biden Treasury Dept seeks to develop a CO2 tax & pressure banks not to lend to fossil fuel companies
Treasury Sec. nominee Janet Yellen: “I will look to appoint someone at a very senior level to lead our efforts,” Yellen told members of the Senate Finance Committee. She said doing so would create a hub within Treasury that would focus on financial system-related risk posed by climate change, and tax policy incentives to affect change.
“We need to seriously look at assessing the risk to the financial system from climate change,” Yellen said.
