Treasury Secretary Janet Yellen is set to warn on Tuesday that climate change is already having an economic impact in the U.S., cautioning that it could cause asset value losses in the future, according to Reuters. Yellen is expected to issue the warning to an advisory board that includes academics and leaders from both the nonprofit and private sector, according to Reuters. The secretary will also argue that a slow transition to a net-zero carbon economy could have deep impacts on the country’s financial system. “As climate change intensifies, natural disasters and warming temperatures can lead to declines in asset values that could cascade through the financial system," she said i
Hence then, the article about yellen warns climate change may trigger losses in us was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Yellen warns climate change may trigger losses in US )