The chapter discusses the aftermath of a hurricane in Houston, the climate change-related damages in Texas, and the state's unique position facing powerful natural disasters. It criticizes Governor Abbott for prioritizing business over addressing climate change, highlights the need for Texas to invest in renewable energy, infrastructure, and climate change mitigation, and discusses the challenges faced by Texas' local economies due to rising home insurance premiums and federal incentives encouraging construction in risky areas.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Sharon Chen, Editor at Bloomberg Green, provides color of the Bloomberg Green Festival where innovators, policymakers, entrepreneurs, artists, activists, musicians and more, explore new solutions spanning the entire climate spectrum. Laur Hesse Fisher, Program Director at MIT Climate Engagement Program, discusses demystifying climate change. Bloomberg Opinion Editor Mark Gongloff explains how hurricane Beryl makes a mockery of Texas climate deniers. And we Drive to the Close with Nadia Lovell, Senior US Equity Strategist at UBS Global Wealth Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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