Financial regulators and climate risk – using the Adaptation Reporting Power
PDF | 172 kb
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PDF | 172 kb
Overwhelming evidence exists to suggest many investors are not equipped to deal with climate risk.
ClientEarth's company and financial lawyers recommend that the UK Government's Adaptation Reporting Power - established by the UK Climate Change Act - be used by financial regulators to assess the impact of climate change on their functions and report on how they will work to mitigate this impact.
This briefing explains the Adaptation Reporting Power and the advantages it could bring to different financial regulators.