CFTC Climate Report Bolsters Calls To Speed Action On GHG Cuts

A report commissioned by the Commodity Futures Trading Commission (CFTC) is bolstering calls for affirmative climate mitigation policy that speeds greenhouse gas cuts, highlighting major economic risks from further delay while also urging financial regulators and businesses to factor climate risk into their activities. CFTC’s Sept. 9 report includes a “fundamental finding” that a carbon price is necessary for financial markets to play a major role in curbing GHGs, while warning of a “disorderly” future if the public and private...