Climate Change Financial Risk Act of 2025 mandates the Federal Reserve to develop climate change risk scenarios and conduct financial risk analyses.
The Climate Change Financial Risk Act of 2025 requires the Board of Governors of the Federal Reserve System to develop three climate change risk scenarios. These scenarios will assume different increases in global temperatures and consider international best practices. The Board must also establish a Climate Risk Scenario Technical Development Group to recommend scenario updates and assess resulting financial risks. Additionally, the Board must conduct surveys and biennial analyses of large financial institutions to evaluate their resilience to climate risks.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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