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" ... The first section of the bill sounds innocuous enough — it calls for the Board of Governors of the Federal Reserve System and the Securities and Exchange Commission to issue an annual report “projecting and accounting for the economic costs directly and indirectly caused by the impacts of climate change.” So long as those charged with this task fully reflect the relevant risks and probabilities and model the risks stochastically (that is, taking into account all potential outcomes and their likelihoods) rather than deterministically (looking at a single possible outcome), this is not unreasonable. ... "