US financial industry lays out low-carbon vision as regulators weigh new rules

Key financial trade groups laid out a vision Feb. 18 for shifting the U.S. to a low-carbon economy, saying that the industry can play a leading role in limiting the risks that climate change poses to the system. Regulators also appear poised to prod them in that direction. Several policymakers floated the possibility of new regulatory tools and required disclosures around climate-related risks at a climate conference hosted by the Institute of International Finance the same day.

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