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Analysts point to $500B investment gap in climate resilience for electric utilities

Counties projected to have the most extreme precipitation days in 2050

Counties projected to have the most extreme precipitation days in 2050 By Gina-Marie Cheeseman of Stacker | Counties projected to have the most extreme precipitation days in 2050 Climate change will not just affect temperature, it will also affect how much precipitation towns, counties, states, and countries receive. Wet regions are projected by the National Climate Assessment to generally become wetter, with rising overall air and water temperatures increasing heavy downpours across the U.S., according to the Fourth National Climate Assessment. Studies widely show that across the country, heavy precipitation events are increasing and projected to continue doing so. Over the last century, there has been a 10% increase in annual precipitation in Pennsylvania, for example, with experts predicting a continued increase in precipitation and flooding through mid-century. By 2050, precipitation in Pennsylvania is expected to increase by 8% annually, with 14% of that occurring in

How Texas froze: Neglect of power-grid and climate warnings set the icy stage » Yale Climate Connections

By Randy Lee Loftis | Feb 23, 2021 State officials repeated failures to act on expert advice for averting grid catastrophes paralleled their long ignoring experts warnings about dangers of climate change. (Reposted from Texas Climate News. ) By Randy Lee Loftis | Tuesday, February 23, 2021 In addition to there being no power and no lights in widespread parts of Texas, there was too often little to no visibility outdoors in the heavy snow fall. Evidence of disaster lay across much of a state in shock: snow, ice, and single-digit cold. But the real proof huddled behind closed doors: millions without electricity and therefore without heat, some in grave danger, some desperately seeking warmth in their running cars, only to die from carbon monoxide poisoning.

The Role of Financial Institutions In Tackling The Challenges Of Climate Change, Federal Reserve Governor Lael Brainard At The 2021 IIF U S Climate Finance Summit: Financing A Pro Growth Pro Markets Transition To A Sustainable, Low-Carbon Economy Hosted By The Institute Of International Finance, Washington, D C

The Role of Financial Institutions In Tackling The Challenges Of Climate Change, Federal Reserve Governor Lael Brainard At The 2021 IIF U.S. Climate Finance Summit: Financing A Pro Growth Pro Markets Transition To A Sustainable, Low-Carbon Economy Hosted By The Institute Of International Finance, Washington, D.C. The Role of Financial Institutions In Tackling The Challenges Of Climate Change, Federal Reserve Governor Lael Brainard At The 2021 IIF U.S. Climate Finance Summit: Financing A Pro Growth Pro Markets Transition To A Sustainable, Low-Carbon Economy Hosted By The Institute Of International Finance, Washington, D.C. Date 18/02/2021 I want to thank the Institute of International Finance for inviting me to join this discussion. Let me start by noting that these are my own views and do not necessarily reflect those of the Federal Reserve Board or the Federal Open Market Committee.1

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