Speaking of the private sector, the financial industry could help redirect government policy, said Citi’s Ariel Meyerstein. “There’s a whole other infrastructure, speaking from the financial sector, that we’ve been kind of checked out of for a couple of years,” he said. When it comes to corporate climate risk disclosures, this would have a greater impact, he said:“As we know, in the E.S.G. “That is probably the first thing people think about when they think about climate change and financial markets.” A new report by the C.F.T.C. And I think that in itself will change the posture of how financial regulators are thinking about climate change.”

Source: International New York Times December 14, 2020 10:52 UTC