Biden orders the government to prepare the economy for climate change

  • Date: 21-May-2021
  • Source: Business Insider
  • Sector:Economy
  • Country:Egypt
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Biden orders the government to prepare the economy for climate change

A primary focus of President Joe Biden's agenda is addressing the climate crisis, and on Thursday, he signed an executive order aimed at mitigating the financial risks the crisis brings onto American families and businesses. The White House released Biden's , dedicated to analyzing and mitigating the risk the climate crisis poses to homeowners, businesses, consumers, and the government. After Texas' huge winter storm in February, the state's entire power grid shut down, costing residents huge electric bills. Biden's executive order would work to prevent something like that from happening again. "Extreme weather related to climate change can disrupt entire supply chains and deprive communities of food, water, or emergency supplies. Snowstorms can offline entire power grids. Floods made worse by rising sea levels destroy homes and businesses," a White House said. "As the United States builds a modern and equitable clean energy future... the President's directive today will help safeguard the financial security of America's families, businesses, and workers from the climate-related financial risks they are already facing." According to the fact sheet, Biden's order will "protect workers' life savings, spur the creation of good-paying jobs, and help position the United States to lead the global economy" by: This