Extreme weather poses risks to supply chains, food and water, housing and energy, according to a two-page fact sheet on the order.
President Joe Biden will direct agencies to mitigate the financial risk of climate change to homeowners, consumers, federal workers, businesses and the government itself in a sweeping executive order signed Thursday.
Extreme weather poses risks to supply chains, food and water, housing and energy, according to a two-page fact sheet on the order. National Economic Council Director Brian Deese called the measure a pivotal moment for the U.S. government.
“Our modern financial system was built on the assumption that the climate was stable,” Deese told reporters. “It’s clear we no longer live in such a world.” Continue reading.