Report by a federal agency that regulates the nation's commodities markets warns climate change 'poses a major risk to the stability of the US financial system' and is already affecting, or is projected to affect, nearly every part of the American economy.
The commission is responsible for regulating the U.S. derivatives market, which includes the agricultural economy. Market activity in this sector can have important implications for how much people in the country pay for food and other agricultural products that are vulnerable to extreme weather and other consequences of climate change.
The authors said that fighting climate change will require moving to a net-zero-emissions economy and that markets need to adapt in tandem.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. regulator calls climate change a systemic riskClimate change poses a 'slow motion' systemic threat to the stability of the U.S. financial system requiring urgent action from financial regulators, including the Federal Reserve and the Securities Exchange Commission.
Read more »
Trump flips on offshore drillingA task force for the Commodity Futures Trading Commission is warning in a new report that climate change poses 'serious emerging risks to the U.S. financial system'
Read more »
Federal Report Warns of Financial Havoc From Climate ChangeWASHINGTON -- A report commissioned by federal regulators overseeing the nation&39;s commodities markets has concluded that climate change threatens U.S. financial markets, as the costs of wildfires, storms, droughts and floods spread through insurance and mortgage markets, pension funds and other financial
Read more »
U.S. airlines warn on travel recovery while awaiting fresh aidMajor U.S. airlines warned on Wednesday that travel demand will continue to languish until there is a widespread COVID-19 vaccine, while awaiting developments in Washington on additional federal aid.
Read more »
Trump Admin Doc Reportedly Warns of Financial Disaster of Climate ChangeA report from the Commodity Futures Trading Commission confirms that business as usual emissions are extremely bad for business.
Read more »
Uncontrolled high blood pressure is getting worse in the U.S.High blood pressure can be a major risk factor for severe illness from COVID-19.
Read more »