Climate change poses a major risk to the stability of US financial markets, says a recent report commissioned by the Commodity Futures Trading Commission (CFTC), an independent government agency. What can be done to mitigate this risk for the US economy? On Thursday, October 1, Resources for the Future hosted for a forward-looking conversation on climate risks in the financial system.
CFTC Commissioner Rostin Behnam, CFTC Climate-Related Market Risk Subcommittee Chair Robert Litterman, Citi’s Eliza Eubank, Bloomberg LP’s Didem Nisanci, and RFF’s Kevin Rennert discussed the report, the potential risks climate change poses on our economy in the short and long term, and overall trends in climate risk and financial markets around the world.
- Rostin Behnam, Commodity Futures Trading Commission
- Eliza Eubank, Citi
- Bob Litterman, Kepos Capital
- Didem Nisanci, Bloomberg LP
- Kevin Rennert, Resources for the Future (moderator)
- Richard G. Newell, Resources for the Future (introductory remarks)