White House Set to Unveil Climate Finance Plan on Thursday

May 18, 2021, 2:59 PM

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.

Members of FSOC include the heads of the Federal Reserve and the Securities and Exchange Commission.

A Treasury spokeswoman declined to comment. A White House spokesperson ...

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