Comment Text:
This is E3G's response to request for public comment on the topics and issues being addressed by the Subcommittee. The potentially systemic risks posed by climate change explain why it is in the interest of policymakers and market participants to ensure that climate-related risks are appropriately understood by all players. A significant concern is that the market may not move at the pace required to limit dangerous climate change and its impacts on the U.S. economy. In this context the rapid development of the dialogue within and between stakeholders in relation to the implications of climate change risk is very much to be welcomed. Given the utility and relevance of the TCFD recommendations to topics and issues being addressed by the Subcommittee we would expect to see prominent references to the TCFD recommendations throughout the report. It is encouraging to see this agenda moving forward within the Commodity Futures Trading Commission.
