The accelerating physical effects of climate change are affecting intertwined elements of the US financial system. The first to reprice are reinsurance and insurance - property values, public finance, and secured credit are next. I sat down with Sen. Whitehouse yesterday - here's the interview
Reposted from
Carnegie Endowment
The U.S. economy faces systemic risks from climate change.
@scrawford.bsky.social and @whitehouse.senate.gov (D-RI) reveal how insurance, mortgages, and municipal bonds are under threat—and what must change. Watch their conversation here ⤵️
youtu.be/mlJngqmFFyE
@scrawford.bsky.social and @whitehouse.senate.gov (D-RI) reveal how insurance, mortgages, and municipal bonds are under threat—and what must change. Watch their conversation here ⤵️
youtu.be/mlJngqmFFyE
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