Focus on Financial Regulation to Mitigate Climate Change Alarms Experts

To begin to access the trillions of dollars needed to transition to green energy, policy-makers are increasingly justifying climate change as a threat to the financial system and using regulation to steer funding away from fossil fuels. However, experts are highly skeptical. They say this trend could diminish the independence of central bankers and financial regulators from government, and that these bodies that watch over the financial system don’t have the specific expertise to deal with climate change. Experts also point out that investment managers have a fiduciary duty to their clients.-- More...