US Federal Reserve on Friday afternoon announced public comment period for climate related financial risk framework for banks with over $100 billion in assets. The bank's statement said financial institutions and US financial stability are subject to economic effects of climate change, and transition to low carbon economy.

US Federal Reserve on Friday afternoon announced public comment period for climate related financial risk framework for banks with over $100 billion in assets.  The bank's statement said financial institutions and US financial stability are subject to economic effects of climate change, and transition to low carbon economy.