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2025-01-19 Economy
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Federal Reserve Backs Out of Global Climate Group
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[Epoch Times] The U.S. Federal Reserve is exiting a global climate change coalition days before the new Trump administration is set to take power on Jan. 20.
 The Federal Reserve had joined the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) in December 2020. NGFS, composed of global central banks and supervisors, aims to integrate climate and environmental risk management into the financial sector and mobilize "finance to support the transition toward a sustainable economy," according to the group’s website. On Friday, the Federal Reserve announced its withdrawal from the 143-member coalition.
"The work of the NGFS has increasingly broadened in scope, covering a wider range of issues that are outside of the Board’s statutory mandate," the agency said. Five Federal Reserve officials, including chair Jerome Powell, voted for the withdrawal, while two officials did not vote.
Greta will be furious!
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Posted by Bobby 2025-01-19 00:00||
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Posted by Besoeker 2025-01-19 01:17||
2025-01-19 01:17||
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Posted by DarthVader 2025-01-19 12:44||
2025-01-19 12:44||
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Merry-Go-Blog
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