CLIMATE CRISIS COMMITTEE TO HOLD HEARING ON ECONOMIC RISKS OF CLIMATE CHANGE

Washington, DC – On Thursday, March 12 at the U.S. Capitol, Senator Sheldon Whitehouse (D-RI) will lead a hearing of Senate Democrats’ Special Committee on the Climate Crisis entitled, “The Economic Risks of Climate Change.”  The special committee, which is chaired by Senator Brian Schatz (D-HI) and is affiliated with the Democratic Policy and Communications Committee, will cover the sweeping economic consequences of climate change, about which our foremost economists, investment banks, asset managers, central banks, and credit rating agencies have sounded increasingly forceful warnings. 

EVENT:
Special Committee on the Climate Crisis Hearing: The Economic Risks of Climate Change

WHEN:
Thursday, March 12, 11 AM EST

WHERE:
U.S. Capitol
Senate Visitors Center (SVC)
Room 210-212 

WHO:
Sen. Sheldon Whitehouse (D-RI), hearing chair - Prepared Opening Statement

Dave Burt, Investor - Prepared Testimony
Bob Litterman, Kepos Capital; Chair, CFTC Climate Risk Working Group - Prepared Testimony
Sarah Bloom Raskin, former member of the Federal Reserve Board of Governors; former Deputy Secretary of the U.S. Department of the Treasury - Prepared Testimony
Frédéric Samama, Head of Responsible Investment, Amundi; co-author of “Green Swan: Central Banking and Financial Stability in the Age of Climate Change” - Prepared Testimony

Witnesses will include an investor who accurately forecasted the 2008 mortgage crisis, the chair of the Commodity Futures Trading Commission’s Climate-Related Market Risk Subcommittee, a former member of the Federal Reserve Board of Governors, and the author of a major study of economic risks related to climate change from the Bank for International Settlements.

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