Biden administration sharpens focus on climate risks to financial system

• "Development finance is a powerful tool for addressing the climate crisis," he said.
• Blinken said he and climate envoy John Kerry are "very interested in how the DFC can help drive investment toward climate solutions, innovation in climate resilience, renewable energy, and decarbonization technologies."

What we're watching: The Wall Street Journal reports that the U.S. and China will co-chair a "G-20 study group focusing on climate-related financial risks."

• And yesterday National Economic Council director Brian Deese and Gina McCarthy, Biden's top domestic climate official, met virtually with "leaders and advocates focused on climate-related financial risks," the White House said.