Wall Street banks — including Goldman Sachs, JPMorgan, and Wells Fargo — are set to kick off a Federal Reserve pilot program to measure how hurricanes, drought and other extreme weather events can affect their portfolios. The central bank released details on how the new “climate scenario analysis exercise” will work. The measures mark the Fed’s most concrete steps yet to ensure that banks are ready for risks brought on by a changing climate and severe weather events, as well as for the transition to an economy less reliant on fossil fuels. Read more at the link in our bio or visit: bloomberg.com/green 📷: Philippe Desmaze/AFP