E - Banking Sector

Parents

2020 More than half of syndicated lending of US banks subject to climate risk
2020 Role of Federal Reserve in addressing climate change
2020 Role of Federal Reserve in climate risk
2020 Vision for key financial regulators
Banks are shifting mortgages with flood risk off their books and over to organizations like Fannie Mae and Freddie Mac
Banks have only just begun to factor in climate change
Climate change risks and banking
Climate relevant specialized products and services
Different asset classes face different risks
In an effort to avoid risks of climate change-caused defaults on mortgages – especially involving homes facing sea-level rise and increased flooding – banks have been selling off those mortgages.
Jesse Keenan, associate professor at Tulane University: “Conventional mortgages have survived many financial crises, but they may not survive the climate crisis. ... This trend also reflects a systematic financial risk for banks and the U.S. taxpayers who ultimately foot the bill.”
The question that matters, according to researchers, isn’t whether the effects of climate change will start to ripple through the housing market. Rather, it’s how fast those effects will occur and what they will look like.
The worst economic risks can be reduced if GHG concentrations are stabilized at 500 ppm
Translating climate strategy into tangible value