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Joe Biden

Climate love

Biden administration highlights financial climate risks

Climate risks are seldom part of policy-maker’s financial plans for the short-term future. But the Biden administration is a positive exception to this rule. A new memorandum from the White House, “Tools to support the management of near-term macroeconomic and financial climate risks,” shows that the climate crisis is now an important part of financial decision-making.
The memo reads: ”This Administration is committed to sound financial and fiscal management, which now requires integrating climate risks into all areas of economic decision-making.” The memo builds on President Biden’s 2021 landmark executive order on climate-related financial risks. Among the many important suggestions is taking extreme events risk into account rather than including only information on changes in average climate conditions. It also emphasizes the need to consider the effect of climate risks on particular income groups, subnational units, and subsectors of the economy.
Learn more:
https://www.whitehouse.gov/wp-content/uploads/2023/12/Memo_Tools-for-Near-Term-Climate-Risk-Management.pdf


The White House, Washington, D.C.    Photo by Tabrez Syed on Unsplash
The White House, Washington, D.C. Photo by Tabrez Syed on Unsplash



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  • Esther Wanjiku

    11 w

    This is a great development

    1
    • We Don't Have Time

      11 w

      Dear Markus Lutteman Your climate love has received over 50 agrees! We have reached out to Joe Biden by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

      2
      • George Kariuki

        11 w

        It's a crucial step forward for the Biden administration to prioritize the integration of climate risks into financial decision-making.

        1
        • Kevin

          12 w

          The climate crisis has really changed how many governments budget their finances.A huge chunk of finances has to be dedicated to tackling the climate challenges and averting future crisis.

          4
          • dickson mutai

            12 w

            Great job from the administration for integrating climate risks into financial decision-making .. something leaders can emulate

            3
            • Kevin

              12 w

              @dickson_mutai The US setting precedent in this for all to emulate and evade being surprised by the risks the climate crisis comes with.

              1
            • Gorffly mokua

              12 w

              The administration's efforts to promote green finance in green investment can play a pivotal role in accelerating the shift towards a low-carbon economy.

              5
              • Jane Wangui

                12 w

                @gorffly_mokua Joe bidens administration has really been doing a good job in fight against climate injustices.

                3
              • Joseph Githinji

                12 w

                This is a commendable effort by the Biden's administration, recognizing that financial plans requires integrating climate risks is so important at this age and time. Hope other nations can do the same and plan to stop climate change effects as they plan to forsee other economic and financial plans.

                5
                • Kevin

                  12 w

                  @joseph_githinji Many nations are now aware of the critical nature of the climate crisis and are setting up funds to handle the same.

                  1
                • Rotich Kim

                  12 w

                  Financial crisis is a challenge to all countries but we are hopefully that the fund for climate justice will be allocated timely so as to help solve this climate injustice

                  5
                  • Johannes Luiga

                    12 w

                    Glad to hear

                    4
                    • Abraham Jok Atem

                      12 w

                      Recognizing and realizing the existence of financial climate risks by President Biden is the most important thing in overcoming it

                      4
                      • CHRIS NGATIA

                        12 w

                        Financial support is very crucial in addressing climate matters

                        4
                        • Gorffly mokua

                          12 w

                          @chris_ngatia I completely agree! Financial support is crucial in addressing climate change and promoting sustainability.

                          3
                        • Princess

                          12 w

                          It's encouraging to see the Biden administration recognizing and addressing financial climate risks.

                          14
                          • Gorffly mokua

                            12 w

                            @princess_nel_268 Yes, it is incredibly encouraging to see the Biden administration prioritizing the recognition and address of financial climate risks.

                            3
                          • johnte ndeto

                            12 w

                            Financial support is really important in safeguarding and promoting climate matters

                            13
                            • Kevin

                              12 w

                              @johnte_ndeto Every government should now address the financial bit of the climate discourse

                              1
                              • Rashid Kamau

                                12 w

                                @johnte_ndeto Climate financing serves as a critical pathway to invest in the climate adaptation and resilience efforts.

                                1
                              Welcome, let's solve the climate crisis together
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