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Janet Yellen Faces Climate Test As Environmentalists Push For More Aggressive Financial Action

Planet Over Profit Protest SIgn
September 23, 2021

Eswar Prasad, SAP

Eswar Prasad, professor of economics, says, “If the insurance industry is very exposed to catastrophic events resulting from climate change — and if that was going to cause problems for the broader financial system — then FSOC might have some role to play. Barring that, it’s not obvious what role they should play because ultimately their job is about financial stability.”

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