It's time for the Biden Administration to use the breadth of the US regulatory system to drive sustainable allocations of capital

Although the US has lagged behind the the EU and many other parts of the world when it comes to acknowledging and addressing the risks associated with climate change, the new Administration set to take office on 20 January 2021 has the ability to ride the wave of changing sentiment at the Fed and other US agencies to drive regulatory reform to re-direct capital to support the transition to a more sustainable economy in the US and globally. Key to its success will be continued improvements in, and uniformity of, climate reporting metrics, as well as reporting and governance obligations and standards, so as to allow for more informed investment decisions and the proactive allocation of capital to help achieve the ambitious targets set by the Paris Accord.