In 2008, the world economic system was rocked by a financial crisis that stemmed from risky mortgages being securitized and sold as safe investments to unknowing investors.  Misaligned incentives, unpriced risk, deceptive selling practices, and a lack of regulatory scrutiny throughout the financial industry led to the Great Recession, the consequences of which we're still feeling in a variety of ways today. While somewhat different from what preceded the 2008 financial crisis, there are clear parallels with what's happening in the home insurance and mortgage markets in areas most at risk to damage from climate-worsened storms.  As large, traditional insurance companies are leaving states like Florida, California, and Louisiana because the damages from hurricanes, floods, and wildfires have become too large, new insurance companies are replacing them. These companies are smaller, less diverse, and rely on a ratings agency known to provide good ratings to underserving companies. Unsurprisingly, when climate catastrophes hit, these insurers often go bankrupt, leaving home owners and their banks with a destroyed home and asset without the funds to rebuild or even repair.  And the implications of this aren't isolated to the local level, because most of these mortgages are securitized and sold at the national level. This week, Prof. Pari Sastry joins the show to discuss her recent paper "When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets".  This paper explains how the home home mortgage, insurance markets, and global economy are interconnected and how the climate crisis is impacting all three.  As the world is still recovering from the 2008 financial crisis, it's shocking to see the early stages of what appears to be some of the same causes play out today.  And we know that the climate crisis is only going to increase the number of severe weather events, which will put an even greater strain on insurance and mortgage companies, further worsening an already fragile relationship. Prof. Pari Sastry is an Assistant Professor of Finance at Columbia Business School where she focuses her research on climate finance. Read "When Insurers Exit": https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4674279 As always, follow us @climatepod on Twitter and email us at theclimatepod@gmail.com. Our music is "Gotta Get Up" by The Passion Hifi, check out his music at thepassionhifi.com. Rate, review and subscribe to this podcast on iTunes, Spotify, Stitcher, and more! Subscribe to our YouTube channel! Join our Facebook group.  

Dr. Genevieve Guenther discusses combating climate change myths, the importance of transformative action language, and the need to stop using the 'India and China' excuse. She explores the costs of clean energy, challenges in climate communication, and the potential savings through decarbonization. The podcast also touches on the risks of Atlantic current collapse and China's climate leadership compared to the US.

For 70 years, building out and expanding American highways have been core parts to the entire US transportation project. But the initial effort to connect cities and states has created gigantic problems in the subsequent decades. Instead of fixing many of these critical issues, too often we see cities and states double down on the problem and make our transportation system worse. And carbon emissions from the transportation sector are a huge part of the climate fight. So what do we do about highways as these roads continue to expand and draw investment? Our guest, Megan Kimble, has been looking for the answers. In her new book, City Limits: Infrastructure, Inequality, and The Future of America's Highways, she both looks back at the origins of the American highway system and examines today's fight to determine what is happening and how decisions are being made that design our transportation system. We discuss the "freeway fighters" that are working to remove highways and prevent highways from being expanded, how federal investments favor highways over transit, how highways have been used to exacerbate racial inequities, and why climate activists are helping to make change.  Megan Kimble is an investigative journalist and former executive editor at The Texas Observer. She has written about housing, transportation, and urban development for The New York Times, Texas Monthly, The Guardian, and Bloomberg CityLab.  Check out City Limits: Infrastructure, Inequality, and The Future of America's Highways As always, follow us @climatepod on Twitter and email us at theclimatepod@gmail.com. Our music is "Gotta Get Up" by The Passion Hifi, check out his music at thepassionhifi.com. Rate, review and subscribe to this podcast on iTunes, Spotify, Stitcher, and more! Subscribe to our YouTube channel! Join our Facebook group.

President Biden campaigned on the promises of producing 100% of America's electricity with clean energy resources by 2035 and getting America's economy to Net Zero emissions by 2050.  Since President Biden took office, the US Congress has passed the Bi-partisan Infrastructure Law, the Inflation Reduction Act, and the CHIPs and Science Act - all aimed at helping America transition to a clean energy economy.  In addition to creating incentives for private companies to invest in clean energy manufacturing in America, those three bills also provided billions of dollars to the United States Department of Energy to oversee the research, development, and deployment of clean energy technologies. Secretary Jennifer Granholm has led the Department of Energy throughout the entire Biden Administration and has completely restructured the Department to achieve President Biden's clean energy goals for America.  This week, Secretary Granholm joins The Climate Pod to discuss how the DOE helps enable the deployment of new clean energy technologies, what should be done about technology companies ramping up their energy consumption due to massive data centers, what the DOE could look like under a second Biden or Trump presidential term, and so much more. As always, follow us @climatepod on Twitter and email us at theclimatepod@gmail.com. Our music is "Gotta Get Up" by The Passion Hifi, check out his music at thepassionhifi.com. Rate, review and subscribe to this podcast on iTunes, Spotify, Stitcher, and more! Subscribe to our YouTube channel! Join our Facebook group.

Mary Annaïse Heglar is back on the show to discuss her new book "Troubled Waters", a fictional account of a young Black woman in Mississippi that uses direct action against the fossil fuel industry as a healing mechanism for her own grief, while also learning about the grief and trauma that her own grandmother carries with her from her days at the center of the Civil Rights movement.  Mary Annaïse Heglar is one of the great essayists and writers about the climate crisis, climate grief, and climate justice. Buy "Troubled Waters" Buy "The World is Ours to Cherish" As always, follow us @climatepod on Twitter and email us at theclimatepod@gmail.com. Our music is "Gotta Get Up" by The Passion Hifi, check out his music at thepassionhifi.com. Rate, review and subscribe to this podcast on iTunes, Spotify, Stitcher, and more! Subscribe to our YouTube channel! Join our Facebook group.  

Author Tad DeLay discusses expanding the definition of climate denial, the Left's oversight in climate change conversations, and the harm caused by inaction. Topics include the impact of capitalism on climate crisis, challenges of decarbonization, and the link between climate change and barbarism.

Hundreds of billions of dollars have already been invested in clean energy projects in America since the Inflation Reduction Act was passed in 2022. With that level of spending, clean energy jobs are on the rise, meaning there's never been a better time to start a career focused on combating the climate crisis. The variety of roles in clean energy jobs means there are plenty of ways you can become a "Climate Person" in your professional life, even if you've been one in your personal life for a while. Being a "Climate Person" also isn't restricted to just careers in clean energy, but also means incorporating climate solutions into whatever it is you do for a living. Tom Steyer, co-founder of Galvanize Climate Solutions, founder of NextGen Climate America, and 2020 Democratic Presidential Primary Candidate joins the show this week to discuss his new book "Cheaper, Faster, Better: How We'll Win the Climate War" and strategies for becoming a "Climate Person" at a time when the world needs more of them than ever. We also talk about how turning politicians, business leaders, and investors into climate people will be critical to the sustainability of human life on our planet. Read "Cheaper, Faster, Better" Subscribe to our Substack newsletter "The Climate Weekly": https://theclimateweekly.substack.com/ As always, follow us @climatepod on Twitter and email us at theclimatepod@gmail.com. Our music is "Gotta Get Up" by The Passion Hifi, check out his music at thepassionhifi.com. Rate, review and subscribe to this podcast on iTunes, Spotify, Stitcher, and more! Subscribe to our new YouTube channel! Join our Facebook group. Check out our updated website!

Two Pulitzer Prize-winning reporters discuss sea level rise in America's southern coastal cities, highlighting flooding problems, adaptation challenges, and the impact on local communities. They delve into the financial obstacles of aging stormwater infrastructure, the risks of septic tanks in Florida, and the collaborative efforts of investigative journalism in uncovering climate-related stories. The podcast emphasizes the urgency of adapting to climate change and addressing disproportionate impacts on marginalized communities.

Economists Dr. Adrien Bilal and Dr. Diego Kaenzig challenge traditional economic models on climate change impacts, revealing a 12% global GDP decrease per one degree Celsius rise. They discuss the flaws in current forecasting methods, advocate for urgent action on emissions, and highlight the significance of their groundbreaking study in shaping climate policy decisions.

Over the past five years, there have been several studies showing how the climate crisis is impacting major life decisions.  Whether it’s where to live, how to invest, or what to study, young people today are being forced to confront a climate-worsened future and decide what’s best for their personal situation given the very public failures of leaders to limit global warming.  One particular decision that has received a lot of public attention is whether or not to have a child in the middle of a climate crisis.  These studies are appearing more frequently than ever before as the climate crisis becomes more apparent than ever, but almost all of these studies fail to incorporate how this decision is impacted by the respondent's race. Dr. Jade Sasser joins the podcast this week to talk about how climate anxiety is affecting some of life's biggest decisions. Dr. Jade Sasser is an Associate Professor at the University of California Riverside and the author of the new book "Climate Anxiety and the Kid Question: Deciding Whether to Have Children in an Uncertain Future."  Not only does this book explore the anxieties and hesitations that people have about bringing children into a world in the midst of a climate crisis, but it also looks at how the climate crisis exacerbates other social inequities and how climate anxiety affects people of different races differently. Read "Climate Anxiety and the Kid Question" Listen to Dr. Sasser's podcast "Climate Anxiety and the Kid Question" As always, follow us @climatepod on Twitter and email us at theclimatepod@gmail.com. Our music is "Gotta Get Up" by The Passion Hifi, check out his music at thepassionhifi.com. Rate, review and subscribe to this podcast on iTunes, Spotify, Stitcher, and more! Subscribe to our YouTube channel! Join our Facebook group.