Biden Plan Warns of Systemic Threat to Economy Posed by Climate Change

Biden Plan Warns of Systemic Threat to Economy Posed by Climate Change

Biden Plan Warns of Systemic Threat to Economy, Posed by Climate Change.

The Biden administration has titled its plan, “A Roadmap to Build a Climate-Resilient Economy.”.

The roadmap was unveiled on Oct.

15.

It takes stock of how companies in which Americans are invested through pension and retirement plans... ... are impacted by extreme weather brought on by human-caused climate change.

A fact sheet released by the White House details how retirees have already lost billions of pension dollars due to the effects of global warming.

[The Department of Labor] is leading efforts to remove regulatory barriers and ensure that employee benefit plan fiduciaries can incorporate material climate-related risks into their investment decisions, Biden Administration Climate Report, via NBC News.

These efforts will better protect the life savings of America’s workers and their families from the impacts of climate change, and could also mobilize capital towards sustainable investments, Biden Administration Climate Report, via NBC News.

The Biden plan lays out the ways in which federal agencies should shift policies in response to climate change.

Climate change poses a risk to our economy and to the lives and livelihoods of Americans, and we must act now, Gina McCarthy, National Climate Advisor, via NBC News.

This roadmap isn’t just about protecting our financial system — it’s about protecting people, their paychecks and their prosperity, Gina McCarthy, National Climate Advisor, via NBC News.

Nearly two dozen federal agencies recently published plans on how they can adapt to the threats posed by climate change.

We are clear-eyed to how climate change poses a systemic risk to our economy, Bharat Ramamurti, National Economic Council Deputy Director, via NBC News.

We are taking a precautionary approach that reflects the fact that inaction is not an option, Bharat Ramamurti, National Economic Council Deputy Director, via NBC News.

A report authored by financial regulators, including Treasury Secretary Janet Yellen, about the effects of climate change is forthcoming