Two Democratic senators are asking the CFTC to include carbon emissions pricing and the role of U.S. financial regulators in a forthcoming report on climate risks to U.S. markets.
Sens. Sheldon Whitehouse (D-R.I.) and Brian Schatz (D-Hawaii) on Monday filed two comment letters with the Commodity Futures Trading Commission, pushing its Climate-Related Market Risk Subcommittee to discuss standards for financial institutions to assess climate financial risk, as well as carbon fees, in its report expected later this year.
“The economic and financial impacts of the COVID-19 pandemic demonstrate the disruption that can occur when markets underestimate risks that are well ...
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