The SEC’s climate risk rule dilemma

Securities and Exchange Commission Chair Gary Gensler is reportedly considering scaling back the historic 'climate risk disclosure' rule, which would require large companies to disclose the carbon emissions from their supply chain. POLITICO’s Declan Harty breaks down the potential legal backlash if the rule is approved as is, why the SEC might soften the rule, and how environmental advocates might react if the regulation is scaled back. Plus, the International Energy Agency says growth in renewables will help stabilize emissions from the power sector — but not fast enough to meet climate goals. Josh Siegel is an energy reporter for POLITICO. Declan Harty covers U.S. capital markets and regulation of Wall Street for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the executive producer of POLITICO’s audio department.