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Treasury Department names new climate 'czar'


John Morton, previously a climate change financial adviser, will head the new “climate hub.”
By
Chip Somodevilla/Getty Images
Story at a glance:
Treasury Secretary Janet Yellen appointed John Morton, who served in a senior climate post in the Obama administration and has 25 years of experience in green energy consulting and financing.
“Net-zero” carbon emissions has to be achieve by 2050 in the U.S.
Some climate activists wanted someone who would be tougher on Wall Street such as Sarah Bloom Raskin, former Treasury deputy secretary and Fed governor.
On Monday, Treasury Secretary Janet Yellen named John Morton, a climate change financial adviser who also served in a senior climate position in the Obama administration, to be the department’s first-ever climate counselor.  ....

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US Treasury names green financier as climate 'czar'


US Treasury names green financier as climate ‘czar’
Reuters, WASHINGTON
The US Department of the Treasury on Monday named climate change financial adviser John Morton to head the department’s new “climate hub,” disappointing activists who had sought a strong regulator to push financial institutions toward green investments.
John Morton, a partner with climate change advisory and investment firm Pollination Group, would work to foster green finance, and use tax policy and financial risk assessments to help reduce carbon emissions as climate counselor to US Secretary of the Treasury Janet Yellen, the department said.
Morton brings more than 25 years of experience in emerging markets, investment finance, and economic and environmental policy, it said. ....

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