WH details potential steps to curb climate change's economic impact

Key Facts

October 15, 2021 / 8:12 AM / AP Washington — The Biden administration is taking steps to address the economic risks from climate change, issuing a 40-page report Friday on government-wide plans to protect the financial, insurance and housing markets and the savings of American families.
It's a follow-up to a May executive order by President Joe Biden that essentially calls on the government to analyze how the world's largest economy could be affected by extreme heat, flooding, storms, wildfires and the broader adjustments needed to address climate change.
The actions being recommended by the Biden administration reflect a significant shift in the broader discussion about climate change, suggesting that the nation must prepare for the costs that families, investors and governments will bear.
The report is also an effort to showcase to the world how serious the U.S. government is about tackling climate change ahead of the United Nations Climate Change Conference running from Oct. 31 to Nov. 12 in Glasgow, Scotland.