CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

US face data challenges, Fed analysis shows

"In the exercise, undertaken over several months in 2023, the central bank aimed to understand how lenders would manage the risks of rising temperatures and changing external policies.

"Participants suggested that climate-related risks are highly uncertain and challenging to measure," the report said."

https://www.reuters.com/sustainability/sustainable-finance-reporting/us-bank-climate-change-exam-highlights-data-modelling-challenges-says-fed-2024-05-09/

So banks are flying blind into the climate storm. That really inspires confidence </sarc>

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