Tobias Adrian, director of the IMF's monetary and capital markets department, said the climate crisis could"absolutely" ignite a financial crisis."The climate crisis is slow in the making, but it's potentially disastrous," Adrian said in an interview from the sidelines of the Green Swan Conference, a virtual event focused on how the financial industry can take action against climate risks.
In December, the Fed formally joined the Network of Central Banks and Supervisors for Greening the Financial System, one of the co-sponsors of the Green Swan Conference. Steel and lumber prices are sky-high. Lifting Trump's tariffs could helpTreasury Secretary Janet Yellen said last month that she and President Biden are"committed to using the full power of the US federal government to address climate change.
The hypocrisy of the elites on this subject is off the charts. Take note on how many travel on their private planes and the resources used to heat/cool their elaborate mansions. Anyone can see the climate is warmer and I am for alternative energy sources, stop the sanctimony.
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