DITCHED: How Financial Regulators Can Protect Against Climate Risk

Financial regulators have key role to play in addressing the systemic risks presented by climate change. Arguably, it’s part of their mandate to safeguard financial markets and the real economy from disruptive shocks. Like the COVID-19 pandemic, change change has the potential to wreak havoc on asset valuations and economic stability, a well as the lives and livelihoods of millions of people — particularly if these events poorly managed.  We discuss the steps regulators can take to protect against potentially devastating climate-related impacts in this episode of DITCHED, a Political Climate miniseries on fossil fuels, money flows and the greening of finance. What exactly do those regulatory actions look like? Who is responsible for taking them? What is the upshot for fossil fuels use? And how does this play politically? Steven Rothstein, managing director of the Ceres Accelerator for Sustainable Capital Markets, explains. Episodes of DITCHED air on Mondays. To catch all of these shows, subscribe to P