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Federal Report: Climate Change Threatens Financial Markets, US Economy

A protester shows a placard during a climate demonstration Friday, Sept. 20, 2019 in Paris. In Canberra and Kabul, Cape Town and Berlin, and across the globe, hundreds of thousands of people took the streets Friday to demand that leaders tackle climate change in the run-up to a U.N. summit. (Francois Mori/AP)
A protester shows a placard during a climate demonstration Friday, Sept. 20, 2019 in Paris. In Canberra and Kabul, Cape Town and Berlin, and across the globe, hundreds of thousands of people took the streets Friday to demand that leaders tackle climate change in the run-up to a U.N. summit. (Francois Mori/AP)

Climate change poses a major threat to U.S. financial institutions and the entire economy, according to a new report published by the Trump administration’s Commodity Futures Trading Commission.

We talk to Robert Litterman, founding partner of the investment firm Kepos Capital and chair of the panel that wrote the report, about what policymakers have to do to avoid a financial disaster wrought by climate change.

This article was originally published on WBUR.org.

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