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As Third Way’s Dr. Nick Montoni and Doug Rand recently wrote in a piece for The Hill: It’s hard to be a startup, given that most small businesses don’t survive past five years. It’s really hard to be a clean energy startup, because venture capital firms underinvest in risky technology challenges. And it’s hardest of all to […]
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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 […]
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by Amy Lupica, ODP Staff Writer As President Biden’s long-anticipated virtual Earth Day climate summit begins today, dozens of companies are set to announce significant investments in renewable energy, electric vehicles, and conservation to help the U.S. reach net-zero emissions by 2050. Yet it will be the global financial sector that will be subject to increased pressure […]
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Politico reports that 47 Republican Members of Congress wrote the Chair of the Federal Reserve Board, Jerome Powell, to urge that the Fed refrain from requiring banks to conduct “stress” tests to determine their vulnerability to climate change.
Why This Matters: Really? Does failing to test the ability of banks to withstand a major financial risk make the risk go away? This is climate denial that will really cost our economy.
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by Julia Pyper, Host/Producer, Political Climate Cities and states have powerful roles to play in divesting from fossil fuels and directing investments toward sustainable industries. There are a number of ways for these sub-national actors to participate in the divest/invest movement and help pave the way for more widespread action. In this episode of Political […]
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Climate-induced flooding has inundated coastal cities, yet new reporting from Politico shows that government mortgage lenders like Fannie Mae and Freddie Mac continue to pump money into severely flood-prone property markets. As such in the Florida town of Hialeah, federal taxpayers hold greater than 60% of home mortgages. And as Politico explained, “if the homes […]
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