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Ahead of COP26, the Fed hired a climate economist and formed a committee to test the economic and financial impact of climate risks.

Photo illustration: Aïda Amer. Photos: Robert Gauthier (Los Angeles Times), Stephen Maturen/Getty Images Historically untouchable issues — like climate change and race — are now on the table for the Federal Reserve, as it wades further into uncharted territory. Why it matters: The about-face has implications for how one of the world’s most influential economic bodies steers policy and regulates the nation's banks. Historically untouchable issues — like climate change and race — are now on the table for the Federal Reserve, as it wades further into uncharted territory. Why it matt...

Print this article Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue! MORE AUTOMAKERS ABANDON TRUMP ROLLBACK: More major automakers, including Toyota and Fiat Chrysler, Donald Trump's regulatory rollbacks to get in the Biden administration’s good graces. Seven companies said today that they were dropping support for the Trump administration's effort to limit California’s ability to set its own tailpipe greenhouse gas limits. In ...

Why Kerry's claim on solar and wind jobs misses the mark Print this article John Kerry’s contention that coal miners can easily shift to building solar panels undersells the challenge the Biden administration faces with its plan to accelerate a transition away from fossil fuels. "The same people can do those jobs, but the choice of doing the solar power one now is a better choice," Kerry said last week. "What President Biden wants to do is make sure those folks have better choices, that they have alternatives." Experts and analysts say the comments from Biden's climate envoy oversimplify t...

As Coal Economy Crumbles, Advocates Seek Solutions to Save Two Regions As Coal Economy Crumbles, Advocates Seek Solutions to Save Two Regions In November, the Talen Energy Corp. announced it would stop using coal at all of its plants, including the Montour Power Plant in the Pennsylvania’s northern Appalachia area. The phase-out comes as Texas-based Talen has already committed to end coal use at its Brunner Island plant, another Appalachia-area power plant, in favor of renewable energy generation. The closures hit close to home, as the coal miners of Appalachia are the ones feeling the bru...