CFTC plans to produce a report on how climate change could affect the financial sector

Rostin Behnam, who sits on the Commodity Futures Trading Commission, plans to detail the formation of a panel of experts at the trading commission assigned to produce a report on how global warming could affect the financial sector, potentially impacting food costs, insurance markets, the mortgage industry and other economic pillars. According to the The New York Times article, Behnam “said in an interview on Monday that the financial risks from climate change were comparable to those posed by the mortgage meltdown that triggered the 2008 financial crisis.