California economy

How Biden’s Climate-Related Financial Risk Order Relates to State Policy

The federal government takes a big step, but state leaders still have a role to play

On Thursday the White House issued an Executive Order on Climate-Related Financial Risk that outlines a key plank in the Biden Administration’s whole-of-government approach to addressing climate change. Whereas the Trump Administration sought to actively block consideration of environmental factors in investment decision-making, the Biden Administration is directing financial and climate regulators to develop strategies …

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