15 Apr State of Play – Climate Risk Update
Posted at 19:44h in Monthly Outlooks
|In our December report, we previewed that climate change would be a priority for the Biden
Administration and how the federal financial regulators would be empowered to mitigate climate risks to the financial sector. Nearly three months into the new presidency, we have seen this “whole-of government” strategy begin to be implemented as expected with a focus on executive actions, personnel decisions, and a more aggressive regulatory approach. We anticipate these efforts to accelerate now that President Biden’s Cabinet is mostly filled and the Administration pivots from pandemic relief to economic recovery and other campaign priorities.