Over 70 international, national and state/local organizations released an open letter to the Federal Reserve and central bankers attending this year’s Jackson Hole Economic Policy Symposium. They called on symposium participants to act quickly and vigorously to address recent escalations in climate-related financial risks. But in opening remarks, the Federal Reserve Chair omitted any mention of climate-related financial risks. The symposium didn’t include a single agenda item on the climate crisis or climate solutions — some of the most important drivers of change in the global economy and most significant sources of risk to global financial stability.
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