, an initiative launched by Bloomberg Philanthropies last year to advocate for full decarbonization of the U.S. economy.
Beyond that, there are a number of additional steps we can take to marshal the necessary funding. First, we must improve data and disclosure standards. Because businesses and investors were long in the dark about climate-related risks, they did not see fit to cut carbon emissions or protect assets from extreme weather. That is starting to change. Recommendations from the
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