The financial system can be a powerful enabler to help the private sector manage climate-related risks and invest in the transition. It is vitally important to strengthen the U.S. financial system to meet the challenge of climate change. Meeting the Challenge of Climate Change Climate change is one of the major challenges of our time.
2 There is growing evidence that extreme weather events related to climate change are on the rise— droughts, wildfires, hurricanes, and heatwaves are all becoming more common. 3 Climate-related events are already adversely affecting the lives of many Americans.