A resolution recognizing that climate change portends a cascade of financial market collapses that would destabilize the national and global economies.

This Senate resolution states that the Senate recognizes that unchecked climate change poses severe risks to national and global economies. It lists findings, including U.S. losses of $165 billion from extreme weather in 2022, rising insurance costs and availability problems, and projections of global economic losses. It also cites financial experts who say an early and orderly transition to a low carbon economy would avoid costly shocks. The resolution does not create new laws, programs, or spending.

Full text and official record on Congress.gov

Sponsors

• Sheldon Whitehouse Democrat sponsor
• 8 cosponsors