Opinion: Utilities should be required to disclose their climate-related financial risks

Read the full story at Utility Dive.

In a move that could blaze a trail to meaningful climate action nationwide, New York’s Public Service Commission, which is responsible for regulating that state’s utilities, is calling on them to disclose the financial risks they face due to climate change. Requiring utilities to develop and present this information would be a potent way to push a critically important sector of the economy to reveal and respond to the consequences of climate change — and to save consumers money along the way.

In particular, it would help the financial sector and other stakeholders to interpret what utilities are doing (or failing to do), and to adjust accordingly. As we recently argued to New York’s Commission, it should forge ahead with this effort, and other states’ commissions should follow their lead.

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