President Biden on Thursday ordered agencies across the federal government to prepare for risks to the American economy posed by climate change. The harms inflicted by human-caused global warming are already being felt in the form of rising sea levels, extreme weather, wildfires, and droughts, but “these risks are often hidden,” the White House wrote. The executive order directs federal agencies to identify and mitigate climate risks in order to protect worker pensions, improve the resilience of food, water, and emergency supplies, and prepare infrastructure for climate impacts.
The order also directs White House climate adviser Gina McCarthy and economic adviser Brian Deese to develop a government-wide strategy within four months to identify financial risks. The SEC is already working on climate risk disclosure regulations, which experts say will create an incentive for corporations to mitigate climate risks in order to avoid losing investors.
Sources: AP, New York Times $, Reuters, Politico, E&E $
Originally published by Nexus Media.
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Autonomous Drones for Better Farming
I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
