Kaplan: Climate Change Has Big Financial-Stability Consideration

“The effect of climate change and the way businesses are dealing with climate change is having a significant effect on economic conditions,” Dallas Federal Reserve President Robert Kaplan says.

• Disruptive weather events caused by climate change have caused ripple effects such as supply-chain shortages that lead to higher prices and other impediments to industry, Kaplan says in virtual North Texas Climate Change Symposium hosted by the City of Dallas
• Port operators say “we’re one or two extreme weather events away from really jeopardizing the transit of goods and services, which will affect the entire nation,” according to Kaplan
• The Dallas ...