S.Res. 557 — A resolution recognizing that climate change portends a cascade of financial market collapses that would destabilize the national and global economies.

S.Res. 557 — A resolution recognizing that climate change portends a cascade of financial market collapses that would destabilize the national and global economies. | JustPolicyThe purpose of this resolution is to acknowledge the serious risks that climate change poses to financial markets and the broader economy. It aims to raise awareness about how climate change can lead to significant financial instability, which could affect both the United States and the global economy. Key provisions of the resolution highlight several critical points. It notes that climate change is linked to an increase in extreme weather events, which have already resulted in substantial financial losses.