“The Federal Reserve is the country’s central banking system, and it has “not only the responsibility but the tools to turn climate action into reality,” Carla Skandier, co-manager of the climate and energy program of the Next System Project, said. […] [Skandier] noted that the government has already spent billions of dollars on bailing out fossil fuel companies using covid-19 stimulus money, but if it chose to, it could spend to help frontline communities, fossil fuel workers, and the planet instead.

“This is not only necessary from a social, labor, and environmental perspectives, but a must if the Fed wants to have a chance to fulfill its financial stability mandate moving forward,” she said.”

Read the full article at Gizmodo

Read the full article at Ecosystem Marketplace