White House unveils climate finance road map, highlights lending and budget pledges

WASHINGTON: 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.

Many of the projects laid out in the report are not new, including mandatory disclosure rules under consideration by the Securities and Exchange Commission to bring more clarity to investors about climate change-related investment risk.

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.