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Reuters reveals Wall Street sees first Fed climate change review in 2023

Business & FinanceEnvironment

Reuters took readers on a deep dive into how, as the U.S. Federal Reserve trails other major central banks in tackling climate change, it is catching up on a critical front: figuring out if rising temperatures could topple a major bank or even the entire financial system. The potential effects of climate change – rising sea levels, worsening floods and fires, and government policies transitioning away from carbon-heavy industry – could destroy trillions of dollars of assets around the globe. 

Article Tags

Topics of Interest: Business & FinanceEnvironment

Type: Reuters Best

Sectors: Climate Change

Regions: North America

Countries: US

Win Types: Overall Coverage

Media Types: Text

Customer Impact: Important Regional Story

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