Loading...
Market
Federal Reserve to face legal challenges due to NGFS withdrawal by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Legal filings or court decisions related to the Federal Reserve's withdrawal from the NGFS
Story
Federal Reserve Withdraws from NGFS Climate Coalition, Five Governors Vote in Favor, Barr and Kugler Dissent
Jan 17, 2025, 06:34 PM
The Federal Reserve has announced its withdrawal from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition focused on climate and transition risks for the financial sector. The decision was made with five governors voting in favor of leaving, while Michael Barr and Adriana Kugler dissented. The Fed cited that the NGFS's broadened scope now falls outside its statutory mandate. The NGFS, launched in 2017, has been a platform for central banks to study climate risk.
View original story
Similar markets
Yes • 50%
No • 50%
Largely indifferent • 25%
Mixed reactions • 25%
Predominantly positive • 25%
Predominantly negative • 25%
Other • 25%
Scope Beyond Mandate • 25%
Political Pressure • 25%
Internal Disagreements • 25%
Resource allocation • 25%
Other • 25%
Broadening scope of NGFS • 25%
Political pressure • 25%
Scope beyond mandate • 25%
Financial constraints • 25%
Other • 25%
Political pressure • 25%
Strengthen internal climate policies independently • 25%
Join a different climate-focused coalition • 25%
No significant change in climate policy stance • 25%
Rejoin NGFS • 25%
Yes • 50%
No • 50%
Other • 25%
Bank of Japan • 25%
Bank of England • 25%
European Central Bank • 25%