- 11 We are actively gathering essential knowledge from a wide range of groups, including nongovernmental organizations such as Ceres, private-sector market participants, academic researchers, and others. The Federal Reserve recently became a member of the NGFS, which is sharing research and identifying best practices to improve the financial system’s resilience to climate-related risks.
Conclusion These are not easy problems, and they will not have easy solutions. Despite the challenges, it will be critical to make progress, even if initially imperfect, in order to ensure that the financial system is resilient to climate-related risks and well positioned for the transition to a sustainable economy.