NPR: "A look at what's fueling recent intense storms and severe flooding in several states"

by Michael Copley

MICHAEL COPLEY: Communities have a lot to do, and there's a really big price tag. But Gernot Wagner says there's an upside to taking action. Wagner is a climate economist at Columbia Business School.

GERNOT WAGNER: The flipside of cost is investment. The flipside of cost if opportunity, is jobs. We need to get around to actually putting money to work.

COPLEY: He says communities need to move fast because the problem is only getting worse.

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The trend is clear. So are the challenges. One key task is to de-risk capital investments to lower costs. This is where public climate finance must play its most critical role – not as charity, but as leverage.

25 Jul 26