Deforestation puts financial system at risk: report

Analysis by Climate Advisers finds the US economy faces significant risks from deforestation and shares recommendations for the Biden Administration and SEC to institute risk mitigating initiatives.

The Hill

U.S. banks are actively funding a global epidemic of deforestation and land degradation that puts the nation’s financial stability at risk, according to a new report.

That means the Biden administration needs to bring the same attention to curbing global deforestation as it has brought to cutting the risk from fossil fuel emissions — or invite a creeping economic collapse, the report from consultancy Climate Advisers argues.

Read the full article here.