The Federal Reserve’s role over how it should prepare the financial system for climate change is central to the showdown over Biden’s pick for the central bank's top Wall Street regulator.
The Conversation, Author at EcoWatch ecowatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecowatch.com Daily Mail and Mail on Sunday newspapers.
With the planet facing increasingly intense heat waves, drought, wildfires and storms, a path to tackle the climate crisis became clear: Transition the electric grid to carbon-free wind and solar and convert most other fossil fuel users in transportation, buildings and industry to electricity. Converting to a 21st-century grid that is increasingly based on variable resources requires a completely new way of thinking.