Federal Reserve Eyes Climate Risks, Boosting Disclosure Movement

Observers see the Federal Reserve System’s new report that lists climate change as a serious threat to financial markets as a sign that the central bank will step up research in the field, just as President-elect Joe Biden is looking for ways to bolster the overall federal response to climate change. The most recent version of the Fed’s semiannual financial stability report , published Nov. 9 by its board of governors, is the body’s first publication to raise climate change...