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News

  • 2021 Legislative Session Outlook

    Matt Leahy
    December 9, 2020

    Although the New Hampshire Legislature convenes for its 167th Session on January 6, 2021, its work actually begins in November and December of 2020.

  • Forest and Climate Change Webinar

    Matt Leahy
    December 1, 2020

    Forest Society staff recently attended (virtually, of course) a webinar sponsored by Froling Energy on the connection between forests, biomass and climate change.

  • 2021 New Hampshire Legislative Session Outlook

    Matt Leahy
    December 1, 2020

    The New Hampshire Legislature will convene on January 6, for the 167th Session of the General Court with a new Speaker of the House and a new ...

The Federal Reserve Board and Climate Change

Matt Leahy
December 1, 2020
Advocacy
Winter Woods Road in Snow_ELord

The discussion over climate change has up until now largely centered on the threats to people’s health, their homes, food supplies and on our air and natural resources. However, the scope of these concerns are expanding. The Federal Reserve recently for the first time formally highlighted climate change as a potential threat to the stability of the financial system. 

In a November 9 statement, Federal Reserve Board Governor Lael Brainard said she “welcomes the introduction of climate into the Financial Stability Report.” The FSR is the Federal Reserve Board’s current assessment of the resilience of the U.S. financial system. 

Although the Fed’s report does not yet provide direction on specific steps that markets and financial institutions should take, the fact the Board of Governors believes climate change-induced impacts may pose risks to real estate loans, mortgage-backed securities and therefore to the holders of these loans and securities should heighten our country’s efforts to address climate change.

Read Governor Brainard’s statement and the Fed’s report. The section on climate change can be found on pages 58-59.

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Society for the Protection of New Hampshire Forests54 Portsmouth St.Concord, NH 03301
Phone: 603.224.9945Fax: 603.228.0423info@forestsociety.org
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