.@JanetYellen at Senate Finance Committee hearing in response to @SenWhitehouse on #climatechange: "I will look to appoint someone at a very senior level to lead our efforts and to create a hub within @USTreasury in which we particularly focus on ... (1/4)
... financial system-related risks and #taxpolicy incentives toward climate change. I think we need to seriously look at assessing the risks to the financial system from climate change. The @federalreserve has recently said that they would be joining the @NGFS_ They are ... (2/4)
... developing methodologies to do that and we'll focus on that. ... climate change is an existential threat, and both the impact of climate change itself and policies to address it could have major impacts creating ... (3/4)
#strandedassets, generating large changes in asset prices, #creditrisks and so forth, that could affect the financial system." #monetarypolicy #macropru #finreg #fiscalpolicy #taxexpenditures h/t @RealBankReform @Pierre_Monnin c-span.org/video/?507951-… [2:19:35] (4/4)
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