Climate Risks Bill Could Spark Shift to Truly Green Economy

Climate Risks Bill Could Spark Shift to Truly Green Economy

Casten thinks the act would thus ultimately eliminate biases in our financial system that impede efforts to significantly address climate change. The bill that we are introducing is simply directing the SEC to publish rules that require publicly traded companies to disclose their climate risks. We don’t currently disclose climate risks in our financial system, so we don’t quantify the risk. Why should people who value scientific research care about a climate-resilient financial system and this bill? If you’re accurately pricing the risk of climate change, you’re going to see a ton of money flow toward people who are taking actions to reduce the risk of climate change.

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