President Biden on Thursday signed an executive order directing several federal departments and agencies to analyze the risks climate change poses to the U.S. financial system and federal government, the White House announced.
“We know that the climate crisis, whether through rising seas or extreme weather, already presents increasing risks to infrastructure, investments, and businesses. Yet, these risks are often hidden,” the White House said Thursday.
Gauging and managing the financial risks and economic impacts of climate change has been a pillar of the Biden administration’s environmental policy. Under Treasury Secretary Janet Yellen, the department has begun developing a “whole-of-economy” strategy meant to clear a financially stable and economically productive path to carbon neutrality.
Treasury Sec. nominee Janet Yellen: “I will look to appoint someone at a very senior level to lead our efforts,” Yellen told members of the Senate Finance Committee. She said doing so would create a hub within Treasury that would focus on financial system-related risk posed by climate change, and tax policy incentives to affect change.
“We need to seriously look at assessing the risk to the financial system from climate change,” Yellen said.
Paul Homewood: "It is absolutely clear that the number of strong tornadoes has declined since the 1970s. Alarmingly, however, this page has been 'disappeared', and the link now comes up with this:
Fortunately Wayback still has a copy of the original web page, and I also have it on file. It is blindingly apparent that NOAA found their original assessment far too inconvenient, something that should be kept out of the public domain at all cost."
Climate chauses wind speeds to decrease...Except when climate change causes wind speeds to increase...
Claim: Atmosphere expert Professor Paul Williams, of the University of Reading, told the Financial Times that winds have ‘generally weakened over land over the past few decades’. He said one explanation for plummeting wind speeds could be ‘human-related climate change’, that would see poles warming ‘faster than tropics in lower atmosphere’ areas. Prof Williams said: ‘This would have the effect of weakening the mid-latitude north-south temperature difference and consequently reducing the thermal wind at low altitudes.’