US Financial Regulators Should Address Climate Risks That Threaten to Destabilize Our Economy

A joint statement by environmental organizations responding to the Commodity Futures Trading Commission's (CFTC) report, 'Managing Climate Risk in the U.S. Financial System', urging US financial regulators to urgently address climate-related risks to prevent economic destabilization.

• The Commodity Futures Trading Commission (CFTC) released a report titled 'Managing Climate Risk in the U.S. Financial System', which is the first federal report from a financial regulator to specifically examine climate risks to the financial system within the United States. The report was developed by a subcommittee consisting of environmental researchers and stakeholders from major banks, asset managers, asset owners, and firms in the oil and gas, agriculture, and financial services sectors.
• Climate risks to the financial system arise from climate change causing ongoing damage to livelihoods, communities, crops, housing, and infrastructure, which in turn affects the value of financial assets. The document asserts that financial institutions are ignoring these risks by failing to adapt quickly to regulation, consumer preferences, and technology during the transition to a net-zero-carbon future.
• A coalition of organizations—including Ceres, Environmental Defense Fund, OS-Climate, The Nature Conservancy, and World Resources Institute—states that US financial regulators must act decisively to measure and address climate risks. They argue that regulators already have the flexible authority under current legislation to do so, and that failure to act will undermine the financial system's ability to support the US economy.

APA

World Resources Institute (2020). US Financial Regulators Should Address Climate Risks That Threaten to Destabilize Our Economy. https://www.wri.org/news/statement-us-financial-regulators-should-address-climate-risks-threaten-destabilize-our

Chicago

World Resources Institute. US Financial Regulators Should Address Climate Risks That Threaten to Destabilize Our Economy. 2020. https://www.wri.org/news/statement-us-financial-regulators-should-address-climate-risks-threaten-destabilize-our.

Wikipedia

{{cite press release |author=World Resources Institute |title=US Financial Regulators Should Address Climate Risks That Threaten to Destabilize Our Economy |date=9 September 2020 |url=https://www.wri.org/news/statement-us-financial-regulators-should-address-climate-risks-threaten-destabilize-our |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{worldresourcesinstitute2020financial, author = {{World Resources Institute}}, title = {{US Financial Regulators Should Address Climate Risks That Threaten to Destabilize Our Economy}}, publisher = {World Resources Institute}, year = {2020}, month = sep, url = {https://www.wri.org/news/statement-us-financial-regulators-should-address-climate-risks-threaten-destabilize-our}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }