Yellen warns that losses tied to climate change could 'cascade through the financial system'
Treasury Secretary Janet Yellen on Tuesday warned that climate change could cause asset value losses throughout the country's financial system in the coming years.
"A delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system as well," Yellen said. Yellen made the remarks during the first meeting with the Climate-related Financial Risk Advisory Committee , an advisory board that was set up last year by the Financial Stability Oversight Council in an effort to bolster U.S. action to minimize climate risk to the economy.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Yellen warns climate change could trigger asset value losses, harming US economyClimate change is already having a major economic and financial impact on the United States and may trigger asset value losses in coming years that could cascade through the U.S. financial system, Treasury Secretary Janet Yellen will warn on Tuesday.
Weiterlesen »
Jamie Lee Curtis sees a ‘beautiful link’ to mom Janet Leigh as she vies for Academy AwardJamie Lee Curtis now shares something major in common with her late mother, Janet Leigh.
Weiterlesen »
Gold Price Forecast: XAU/USD eases from near $1,860 despite weaker Treasury bond yieldsGold price is struggling to regain upside traction despite falling Treasury bond yields. US Dollar drops amid repositioning ahead of Federal Reserve
Weiterlesen »
Treasury yields fall as investors prepare for key economic data, Fed Chair Powell commentsU.S. Treasury yields fell on Monday as investors looked ahead to key data releases and comments from Federal Reserve Chairman Jerome Powell due this week.
Weiterlesen »
Wall St climbs as lower Treasury yields lift megacap stocksRate-sensitive megacap stocks including Apple, Microsoft and Meta were the top boosts to the S&P 500 and the Nasdaq.
Weiterlesen »
Wall St climbs as lower Treasury yields lift megacap stocks By Reuters⚠️BREAKING: *WALL ST OPENS HIGHER TO START THE WEEK AS TREASURY YIELDS EXTEND LOSSES - $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Weiterlesen »