Josh Younger on the Soaring Cost of Climate Change and Understanding the SLR

Josh Younger, a managing director at JP Morgan and rates derivative strategist, dives into the intricate connections between interest rates and the costs of climate change mitigation. He discusses the crucial need to reevaluate how we assess climate-related risks using financial frameworks. The conversation touches on the Federal Reserve's SLR decision, its impact on bank balance sheets, and the implications of current treasury market volatility. Younger advocates for integrating economic strategies into climate initiatives, stressing the importance of balancing short-term and long-term considerations.