Less than two weeks after the Trump administration dissolved a panel analyzing financial risks from climate change, former panel members are forming a new institute to continue the work.
Leaders of a Harvard University climate institute and think tank Resources for the Future are launching a research initiative Tuesday to investigate how climate-driven extreme weather and the energy transition are shaking markets and could cause a collapse.
The new group will research the risk of climate change to financial markets including property insurance, which had been done by an independent expert panel advising federal regulators on climate-related financial risk since 2022.
The panel was dissolved this month as the Trump administration eliminates climate-related programs. “We do not consider climate change a financial stability risk,” Treasury Secretary Scott Bessent said.
