A year ago, the Permian Basin region was one of America’s hottest labor markets, fueled by a fracking gold rush. Today, the oil field has all but shut down, and everyone is feeling the pain, from restaurant owners to landlords to barbers.
Like the pandemic, climate change poses a clear threat to financial markets. Just as with the pandemic, experts have warned us to prepare. Every day we wait, the devastating impacts compound.
Carbon emissions appear to be plateauing amid the economic slowdown caused by the coronavirus pandemic, making dire scenarios less likely. But limiting warming will still require steep emission cuts.
One hopeful development arising from the coronavirus pandemic: Global air quality is improving dramatically as the outbreak sends many countries into lockdown, climate scientists say.
