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reducing the average commute in Los Angeles from 15 to 13 miles a day by 2025, and 9 miles by 2035 by increasing public transit and by imposing “congestion pricing” that would make driving more expensive in some traffic-choked areas;
other carbon-reducing moves such as shifting the city to 100 percent renewable energy, increasing the use of local water resources, reducing air pollution from industrial facilities and the port, and slashing emissions from waste in the food system.
According to The Times, Garcetti argued that “fighting climate change, expanding the economy and improving people’s quality of life ‘go hand in hand.”’The city’s sustainability plan estimates the creation of 300,000 ‘green jobs’ by 2035, on top of the 35,000 green jobs Garcetti says have already been created since he took office.”
Why This Matters: If Washington won’t pass an infrastructure bill, and the Green New Deal is too radical for the country, then cities like Denver, New York, and Los Angeles will “just do it” themselves. If all politics is local, then that is where the Green New Deal will have to begin. New York City’s City Council and Mayor passed their Green New Deal about 10 days ago. It is looking more and more like a race to the top led by mayors and local governments. Good for them.
by Ashira Morris, ODP Staff Writer China is often criticized for funding fossil fuel power infrastructure beyond its borders, and rightly so: it’s the top financier of overseas power plants, especially coal-fired ones. But they’re not the only ones continuing to finance coal and gas projects overseas. The US and Japan are a close second […]
This past May, President Biden signed an executive order on climate-related financial risk, a cross-governmental plan that directs federal agencies to identify and mitigate financial risks presented by climate change to Americans, businesses, and the government itself. Progress on this order was made over the weekend when Treasury Secretary Janet Yellen announced that the Financial Stability […]
Why This Matters: Money talks. Investors are increasingly willing to walk away from deals like oil and gas drilling projects in the Arctic or investments in fossil fuel companies that refuse to change their business models.
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