US government announces comprehensive strategy on climate change

Posted on October 22, 2021 by Editor

On 14 October, the White House published ‘A Roadmap to Build a Climate-Resilient Economy’ for the US. It outlines both a climate risk accountability framework and, based on these guiding principles, a whole-of-government implementation strategy to address climate-related financial risk. The report was developed following an Executive Order signed by President Joe Biden in May requiring the development of a comprehensive, government-wide strategy on climate change.

“This report lays out a roadmap for measuring, disclosing, managing, and mitigating climate-related financial risk across the economy, including to the Federal Government, while also catalyzing public and private investment to seize the opportunity of a net-zero, clean energy future,” it states. Disclosures are a fundamental element of the strategy, with a strong emphasis on the need to better understand the financial and economic impacts of climate risks. Doubtless, therefore, we will see important implications for reporting requirements as time goes on.

Read more here and here.

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