A former deputy secretary of the Treasury thinks fiscal policy can be rewritten to combat the climate crisis — here’s how

FILE - In this Oct. 10, 2018, file photo, Amazon Prime boxes are loaded on a cart for delivery in New York. Amazon said Tuesday, June 23, 2020, that its carbon footprint rose 15% last year, even as it launched initiatives to reduce its harm on the environment. (AP Photo/Mark Lennihan, File)

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When we think of combating climate change, our minds tend to turn to green energy like solar or wind power. But the world of finance has a tremendous impact on the environment, and we’ll never be able to steer away from impending climate calamities until big business takes action.

Remarkably, Sarah Bloom Raskin says in the latest episode of “Pitchfork Economics,” financial firms have largely never even considered climate change in their financial plans and projections: “It just hasn’t been incorporated as a particular factor that is producing economic costs,” she said.

Given that experts predict details ⇒

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