White House Set to Unveil Climate Finance Plan on Thursday
- Executive order will call for assessing environmental risks
- Yellen to share climate financial risk data in later report
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President Joe Biden on Thursday is expected to order his administration to create a strategy to quantify risks for both public and private financial assets posed by climate change, according to people familiar with the matter.
The executive order will direct Treasury Secretary Janet Yellen, as head of the Financial Stability Oversight Council, to share climate-related financial risk data and issue a report, the people said, speaking on the condition of anonymity.