A roadmap to build a climate-resilient economy

This report lays out a strategy to advance a whole-of-government effort that safeguards workers and families from financial loss and positions the United States for success in the fight against climate change. It includes a roadmap for a long-term effort to build climate resilience throughout the U.S. economy and drive better long-term investment outcomes for ordinary Americans. Specifically, this report pushes forward on a broader economic strategy that invests in the country’s physical and human infrastructure, reimagines public procurement policy as a tool to strategically shape markets and spread innovation, embeds resilience within supply chains critical to the clean energy transition, leverages the full talent and creativity of all Americans by elevating equity as a top priority in all policy decision-making, and restores the United States’ relationship with key allies internationally, finding common ground to meet the global goals of the Paris Agreement.

This report aims to achieve three main objectives.

1. First, the report provides a framework for thinking about the different dimensions of climate risk across the U.S. economy and the places where the Federal Government must play an increased role. The framework seeks to provide structure to what is a uniquely complex and pervasive challenge that requires significant action across multiple fronts: protecting the U.S. financial system, protecting the U.S. Government’sfiscal health, protecting disadvantaged communities, and redirecting capital toward the transition to a carbon neutral economy.
2. Second, it provides a national strategy for achieving the goals of the President’s May 2021 E.O. on Climate-Related Financial Risks. This includes both strategic actions actively being taken across the Federal Government as well as strategic actions that are still necessary or slated to occur moving forward.
3. Lastly, the report highlights a near-term roadmap of specific milestones that will be critical in the coming months to achieve the underlying ambitions that motivate this work.