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Pitchfork Economics with Nick Hanauer

Fiscal policy can help save the environment (with Sarah Bloom Raskin)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 20 July 2021

⏱️ 41 minutes

🧾️ Download transcript

Summary

Can we create transformative climate outcomes by adopting new regulatory strategies? Financial regulation expert Sarah Bloom Raskin helps us explore what levers exist to steer fiscal and monetary policy toward lasting sustainability. Sarah Bloom Raskin is the former Deputy Secretary of the U.S. Department of the Treasury and a former Governor of the Federal Reserve Board. She served as the Commissioner of Financial Regulation for the State of Maryland from 2007 to 2010. She is currently a visiting professor and distinguished fellow at Duke Law School’s Global Financial Markets Center, and a member of President Biden’s Regenerative Crisis Response Committee, which recommends changes in fiscal, monetary, and financial regulatory policies that are likely to enable the U.S. to achieve net carbon neutrality before 2050. Twitter: @SBloomRaskin Learn more about the Regenerative Crisis Response Committee here: https://regenerativecrisisresponsecommittee.org/ Does environmental regulation kill or create jobs? https://policyintegrity.org/files/media/Jobs_and_Regulation_Factsheet.pdf Do regulations really kill jobs? https://www.theatlantic.com/business/archive/2017/01/regulations-jobs/513563/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0

We're fortunate to have an administration again that believes in climate change and believes

0:06.8

it's the role of government to do something about it.

0:09.0

We still have quite a bit of work to do in the financial regulatory space.

0:14.1

The challenge, of course, to addressing climate change is to rewire the economy with new

0:20.2

regulations and incentives so that the economic activity creates a more sustainable planet,

0:26.3

not a less sustainable planet.

0:32.8

From the home offices of civic ventures in downtown Seattle, this is pitchfork economics,

0:37.8

with Nick Hanauer, the best place to get the truth about who gets what and why.

0:50.0

The death toll is rising from that historic heatwave broiling the West and it's feeling a wave

0:54.6

of dangerous wildfires.

0:56.3

Throughout the heatwave, Washington State reported more than 1300 emergency room visits

1:01.6

for heat-related illnesses.

1:03.1

Officials believe the increase in fatalities is likely linked to the extreme weather.

1:08.0

Death Valley saw 130 degrees pushing toward the hottest temperature ever recorded on Earth.

1:14.8

Nearly one half of the country from the Pacific coast to the Great Plains and the Upper Midwest

1:20.4

is experiencing moderate to exceptional drought conditions.

1:24.1

It's expected to get worse through the summer.

1:26.3

Snow cover is the lowest it's been in the 21 years that NASA satellites have been monitoring it.

1:32.0

There simply isn't enough water to go around.

1:34.9

It's shaping up to be the worst water crisis in generations.

1:38.5

There is no meteorologist who would have said, yeah,

1:40.4

can get to 121 in Canada, but we need to switch our thinking because we live in a climate-changed

...

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