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White House unveils climate finance road map, highlights lending and budget pledges
The U.S government outlines a strategy to better incorporate climate threats into federal lending programs and budgeting processes
The White House published a report on Friday outlining projects to measure and address the risks that climate change poses to Americans and the economy, including programs to better incorporate climate threats into federal lending programs and budgeting processes.
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But the report highlights government-wide efforts to address the issues at a key moment, weeks before President Joe Biden participates in the Oct. 31-Nov. 12 COP26 Climate Change Conference in Glasgow, Scotland.
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The report pledges that the White House will include an assessment of the federal government's climate risk exposure in its annual budget and notes that government agencies will improve federal underwriting and lending program standards to better address the climate-related financial risks to their loan portfolios.
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