Why the Federal Reserve is wrong to quit the NGFS
Photo: Federal Reserve on Flickr
Retreating from the Network for Greening the Financial System (NGFS), a critical network for greening global finance, signals a worrying neglect of the very real risks that climate change and environmental degradation present for macroeconomic and financial stability in the United States. These are risks that fall squarely within the Fed’s mandate, write Joseph Feyertag and David Barmes in this commentary for the Centre for Economic Transformation Expertise (CETEx).