(WASHINGTON) — The Biden administration is taking steps to address the economic risks from climate change, issuing a 40-page report Friday on government-wide plans to protect the financial, insurance and housing markets and the savings of American families.

It’s a follow-up to a May executive order by President Joe Biden that essentially calls on the government to analyze how the world’s largest economy could be affected by extreme heat, flooding, storms, wildfires and the broader adjustments needed to address climate change.

“If this year has shown us anything, it’s that climate change poses an ongoing urgent and systemic risk to our economy and to the lives and livelihoods of everyday Americans, and we must act now,” Gina McCarthy, the White House national climate adviser, told reporters.

The Treasury Department plans to address the risks to the insurance sector and availability of coverage.

The Securities and Exchange Commission is looking at mandatory disclosure rules about the opportunities and risks generated by climate change.