Climate Crisis Poses “Serious Risks” to U.S. Economy

The Biden administration released a 40-page report detailing steps to protect the US economy from climate impacts, affecting jobs, homes, and businesses. The report outlines government plans that may alter mortgages, stock disclosures, and budgeting. It follows a May executive order to analyze economic effects of extreme weather and demonstrates US commitment to climate change ahead of the UN conference in Glasgow.

What are the main impacts of climate change on the US economy as mentioned in the report?

What steps does the Biden administration's report propose to protect the economy?

How does the report relate to the May executive order issued by the president?

What extreme weather events does the report analyze in relation to the economy?

What is the significance of the United Nations Climate Change Conference mentioned in the report?