
Photo by Hans Isaacson on Unsplash
31 March 2022
Climate change could change property values, real estate
Not every home buyer is diligent about evaluating the potential risk of a weather-related disaster, but that may change in the future.
Not every home buyer is diligent about evaluating the potential risk of a weather-related disaster, but that may change in the future.
“It is our communities that are being harmed and hurt.”
HOUSTON — Climate activists expressed concern that discussions behind closed doors at the nation’s largest energy conference, CERAWeek by S&P Global, will further contribute to environmental health risks.
As energy executives and political leaders across the nation convened for the conference in Houston, Texas this week to discuss the future of energy, representatives from the Gulf Coast, Rio Grande Valley, Ohio River Valley, and Cancer Alley highlighted the fossil fuel industry's impact in their communities.
A federal judge sharply criticized the Environmental Protection Agency for canceling $20 billion in climate grants without providing evidence of misconduct, but she did not indicate whether she would intervene immediately.
In short:
Key quote:
"I can cite cases all day long, but you have to have some kind of evidence or proffer to back it up."
— Judge Tanya Chutkan, U.S. District Court for the District of Columbia
Why this matters:
The canceled grants were designed to fund clean energy projects and emissions reductions, key components of federal Biden-era climate policy. The legal battle underscores the broader fight over environmental funding under the Trump administration, which has sought to roll back climate initiatives.
If the courts uphold the cancellations, it could set a precedent that makes it easier for current and future administrations to undo previously approved climate policies. That could introduce new uncertainty into the clean energy sector, where businesses and investors rely on government incentives and funding to drive development. It could also complicate efforts to meet emissions reduction targets, both at the national level and for individual states that have set ambitious climate goals of their own.
Read more: EPA cancels $20 billion in climate grants amid legal battle
Breakthrough Energy, the climate organization funded by Bill Gates, is downsizing its U.S. policy team and European operations as it pivots away from influencing government policy.
David Gelles and Theodore Schleifer report for The New York Times.
In short:
Key quote:
“Bill Gates remains as committed as ever to advancing the clean energy innovations needed to address climate change.”
— Spokesperson for Bill Gates
Why this matters:
Bill Gates' decision to scale back his climate policy influence comes at a precarious moment for environmental efforts in the United States. With President Trump doubling down on fossil fuel expansion and stripping back federal climate initiatives, private philanthropy has been one of the few counterweights to these rollbacks. The retreat of a key private player like Gates could signal a broader realignment in climate funding.
With federal support dwindling, the burden falls more heavily on private entities and state-level efforts. But without high-profile figures like Gates pressing for systemic change, the influence of climate-conscious philanthropy could diminish. The result may be a funding gap that makes it even harder to counteract the administration’s aggressive fossil fuel policies.
A Virginia judge has paused the state’s court-ordered return to the Regional Greenhouse Gas Initiative (RGGI) while Gov. Glenn Youngkin appeals the decision, delaying millions in climate and flood-preparedness funding.
In short:
Key quote:
“Unfortunately, we also know that Helene will not be the last disaster we face in Virginia.”
— Emily Steinhilber, Environmental Defense Fund
Why this matters:
RGGI is a multi-state effort to cut carbon emissions by requiring power producers to buy pollution allowances, with proceeds funding climate resilience projects. Virginia’s withdrawal has already led to higher emissions and halted funding for flood preparedness. With severe weather becoming more frequent, the loss of these funds could leave vulnerable communities unprotected. Youngkin’s opposition — calling RGGI a "tax" — puts the program’s future at risk, especially as the state’s leadership may change following upcoming elections.
Related: Virginia Democrats push to rejoin carbon market as Youngkin seeks disaster relief fund
The U.S. Environmental Protection Agency plans to scale back protections for wetlands, aligning with a 2023 Supreme Court decision that limited federal authority over U.S. waterways.
In short:
Key quote:
"They are going to continue to find ways to change the Clean Water Act to weaken public safeguards."
— Julian Gonzalez, senior legislative counsel at Earthjustice
Why this matters:
Wetlands help filter pollutants, prevent flooding, and provide critical wildlife habitat. Reducing federal oversight could allow more development and pollution in sensitive areas, potentially affecting water quality and increasing flood risks. States with stronger protections may maintain stricter rules, but others could see significant environmental degradation. This change reflects a broader trend of limiting federal environmental regulations in favor of state and industry control.
Related: The Supreme Court takes aim at environmental regulations this term
Residents returning to areas scorched by recent Los Angeles wildfires may be exposed to harmful air, water, and soil contaminants, as researchers detect high levels of toxic compounds in burn zones.
In short:
Key quote:
“People are going back into their homes and living in a toxic soup.”
— Michael Jerrett, environmental health scientist at the University of California, Los Angeles
Why this matters:
Wildfires are not just immediate threats; they leave behind toxic pollution that can persist for years. Burned homes, vehicles, and vegetation release dangerous chemicals into the air, soil, and water, increasing long-term health risks. Fine particles from fires can travel miles, affecting people far beyond burn zones. Inhaling these pollutants has been linked to heart disease, lung conditions, and even cognitive decline. Despite the well-documented dangers, federal monitoring of post-fire contamination is often inconsistent, leaving many communities without clear data on what they’re breathing or the safety of their land.
Without comprehensive testing, residents may unknowingly move back into areas where toxins persist. This raises questions about how governments and health agencies track and respond to these invisible threats. As wildfires become more frequent and intense due to climate change, understanding the full scope of their impact will be critical to protecting public health.
Related: Toxic pollution persists after Los Angeles wildfires devastate communities
The U.S. added more solar energy capacity in 2024 than any other power source in over two decades, even as the new energy secretary and former President Trump attack renewables.
In short:
Key quote:
“There’s wild agreement that in order to do that, we have to have enough electricity, and there are facts that show that the fastest way to do that and the cheapest way to do that is through the deployment of solar and storage.”
— Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association
Why this matters:
In the real world, where the grid is struggling to keep up with demand, solar and battery storage are proving to be the most cost-effective way to meet America’s growing energy appetite. Even as fossil fuel advocates push back, the economics are making the case: solar isn’t just winning — it’s becoming indispensable.
Read more: In the race for clean energy, the US is both a leader and a laggard — here’s how
“The chemical black box” that blankets wildfire-impacted areas is increasingly under scrutiny.
We must prioritize minority-serving institutions, BIPOC-led organizations and researchers to lead environmental justice efforts.
Responses to the new rules have been mixed, and environmental advocates worry that Trump could undermine them.
Prisons, jails and detention centers are placed in locations where environmental hazards such as toxic landfills, floods and extreme heat are the norm.
The leadership team talks about what they’ve learned — and what lies ahead.
Top polluters are benefiting the most from tax breaks.