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Climate crisis poses ‘serious risks’ to US economy, Biden administration warns

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Friday, October 15, 2021

“The intensifying impacts of climate change present physical risk to assets, publicly traded securities, private investments, and companies,” the US president said in the report. The climate crisis “threatens the competitiveness of US companies and markets, the life savings and pensions of US workers and families, and the ability of US financial institutions to serve communities”, he added.

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