Biden just released a plan to protect Americans’ retirements and savings from the ‘urgent and systemic risk’ of the climate crisis

Biden just released a plan to protect Americans’ retirements and savings from the ‘urgent and systemic risk’ of the climate crisis

President Joe Biden has made clear that acting on the climate crisis is a top priority for his administration — and he also wants to ensure Americans' wallets aren't being hurt in the process. On Friday, Biden unveiled a 40-page , entitled "A Roadmap to Build a Climate-Resilient Economy," which focuses on mitigating the financial risks climate change places on people's retirements, pensions, savings, and more. This follows up on an the president signed in May, which was dedicated to analyzing and mitigating the risk the climate crisis poses to homeowners, businesses, consumers, and the government. Over the past few years, the US has been hit with a number of extreme weather events, like Texas' huge winter storm in February that caused the state's entire power grid shut down. Those events have cost Americans more than , according to the National Oceanic and Atmospheric Administration. Friday's report, along with May's executive order, would work to prevent that. "If this year has shown us anything, it's that climate change poses an ongoing urgent and systemic risk to our economy and to the lives and livelihoods of everyday Americans, and we must act now," Gina McCarthy, the White House national climate adviser,