Economy & Business

'Brown Recovery' Ends Hope Pandemic Stimulus Would Drive Climate Spending

"Governments in rich countries pledged last year to spend trillions of dollars to rescue their economies from the trough of the pandemic — and to channel that gusher of cash in ways that would aid the fight against climate change. The climate change strategy largely failed."

Source: Politico, 10/20/2021

Biden Focuses On Climate, Families In Trimmed $2T Plan

"Scaling down his “build back better” plans, President Joe Biden on Tuesday described a more limited vision to Democratic lawmakers of a $2 trillion government-overhaul package with at least $500 billion to tackle climate change and money for middle-class priorities — child tax credits, paid family leave, health care and free pre-kindergarten."

Source: AP, 10/20/2021

Climate Risk Disclosure Guides Journalists, Not Just Investors

A profound tightening of companies’ environmental risk disclosure requirements may be ahead, thanks to efforts by the Biden administration’s Securities and Exchange Commission. And the new WatchDog Opinion column argues that as fossil fuel firms position themselves as part of an environmentally sound future, journalists must act too — demanding full disclosure of corporate financial risks related to climate.

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"Flood Insurance Rates Are Spiking For Many, To Account For Climate Risk"

"The cost of federal flood insurance is rising for millions of homeowners, threatening to make homes in coastal areas unaffordable for many. The Federal Emergency Management Agency says its new rates better reflect flood risk in a warming climate."

Source: NPR, 10/18/2021

"Bitcoin-Mining Power Plant Raises Ire Of Environmentalists"

"An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact cryptocurrency. One mining operation in central New York came up with a novel solution that has alarmed environmentalists. It uses its own power plant."

Source: AP, 10/18/2021

Already This Year, 18 Billion-Dollar Weather Disasters Have Hit U.S.

"Through the first nine months of 2021, the U.S. has endured 18 separate weather and climate disasters that have cost at least $1 billion, according to the latest report from the National Oceanic and Atmospheric Administration’s National Centers for Environmental Information."

Source: Washington Post, 10/13/2021

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