National (U.S.)

Candidates Back Bill To Test Whether Banks Can Withstand Climate Risk

"The Great Recession put millions of homeowners underwater on their mortgages. Since then, the Congress has required periodic “stress tests” on large financial institutions to see whether they could withstand another economic blow."

Source: Washington Post, 11/21/2019

Cities Test a Tough Climate Risk Strategy: Saying ‘No’ to Developers

"Glimpsed from a kayak on West Neck Creek, this swampy piece of land, a pocket of red maple and loblolly pine tucked behind growing subdivisions, doesn’t look like the stuff of existential debate. But this is where Virginia Beach, squeezed between the clamor for new housing and the relentlessness of flooding worsened by climate change, decided to draw its line in the mud."

Source: NY Times, 11/20/2019

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