Economy & Business

"UN Climate Talks Aim To Pave Way For Global Carbon Market"

"Economists say that carbon markets ... can become a powerful tool in the fight against climate change, by giving emitters a financial incentive to reduce greenhouse gases. But despite making progress in other areas, governments have for years been unable to agree on the rules that would allow truly global trade in carbon permits to flourish."

Source: AP, 12/06/2019

Climate Impacts: Insurers Cherry-Pick Homes, Leave Flooded Ones For Feds

"Taxpayers could be forced to spend billions of dollars to bail out the federal government's flood program as private-sector insurers begin covering homes with little risk of flooding while clustering peril-prone properties in the indebted public program."

Source: ClimateWire, 12/04/2019

Candidates Back Bill To Test Whether Banks Can Withstand Climate Risk

"The Great Recession put millions of homeowners underwater on their mortgages. Since then, the Congress has required periodic “stress tests” on large financial institutions to see whether they could withstand another economic blow."

Source: Washington Post, 11/21/2019

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