POLITICO’s latest Global Translations podcast episode explores whether modest climate legislation could pass as soon as this year
the world must achieve net-zero emissions by mid-century to stave off the worst impacts from climate change.
“There’s been a dramatic change in tone from the fossil fuel industry and then more broadly — whether it’s insurance, financial services or consumer-facing companies that are seeing the price they are facing. They are either conveying publicly or privately that their future models for their businesses include a carbon price, or that they have grave concerns about the potential housing market impacts or insurance impacts of steadily increasing storms, wildfires, and tornadoes,” he added.
Dan Byers, vice president for policy at the U.S. Chamber of Commerce’s Global Energy Institute, predicted legislative action in coming months. “I will even go out on a limb and maybe predict that you could see a nice package of climate energy innovation-focused legislation be signed by the president later this year,” he told the podcast.
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