Climate Risks Bill Could Spark Shift to Truly Green Economy
science
Large financial institutions and major business sectors have long ignored, underestimated or even hid some of the major risks they face from climate change. These actions can put investments and economic stability at risk. Misrepresentations or miscalculations of business practices’ environmental soundness, often called greenwashing, and fossil-fuel-industry subsidies are two examples of how climate costs can be obscured. But such techniques might soon face a reckoning, a revamping or even a coordinated dismantling in the U.S.
Scientific American
Apr 14, 2021