This would all require massive amounts of government
The U.S. has sustained more than $1.775 trillion in costs from more than 265 climate-related extreme weather events since 1980, by some measures, and more than $500 billion in economic losses between 2015 and 2019. That means any move forward from COVID-19 and its economic malaise requires a concerted climate-change response from financial markets and their regulators, a new report says.
Huh what? What does one have to do with the other? Besides, weather events have always happened. No need to blame witchcraft, er, carbon pollution.
The call, leveled at major financial market and insurance regulators and with support from a key Democratic Senator, Sheldon Whitehouse of Rhode Island, was sounded in a report released Monday by sustainable investing advocate Ceres.
The release examines the wide-ranging and compounding impacts of the climate crisis on U.S. financial markets, establishes how these impacts fall within the purview of seven different federal financial regulatory agencies as well as state regulatory agencies, studies what models for action are already being implemented by regulators around the world, and recommends more than 50 specific actions U.S. regulators can take right now. This includes what regulators might learn from the COVID-19 recovery effort, including a warning about ignoring sustainability requirements in any relief awarded and in plans to rebuild from the pandemic.
This really isn’t about science nor the climate, is it? Sounds more like excuse making to empower more Big Government.
“A multi-industry chorus of big investors, central banks, rating agencies, insurers and top economists warns of severe economic disruption from climate change — what the Bank of International Settlements termed ‘green swan’ risks; systemic and catastrophic,†Sen. Whitehouse said in response to the report. “For safety’s sake, U.S. financial regulators must prepare and adapt,†he added.
For safety’s sake, Government must control the entire economy, ya know. Funny how it always comes to this. Say, what do we call it when the government runs the economy?
There is always another NEW REPORT.
They squirt em out of their commie asses faster than a sick man with diarrhea.
Zyklon B would fix this quickly!!!