Climate Action Protects the Middle Class
Last night in the State of the Union Address, President Obama laid out an agenda to protect and grow America’s middle class. From spurring innovation and creating high-skilled jobs here in the U.S. to protecting our homes and businesses, acting on climate change is crucial to achieving this vision.
Fueled by carbon pollution, climate change poses a serious threat to our economy. 2014 was the hottest year on record—and as temperatures and sea levels rise, so do insurance premiums, property taxes, and food prices. The S&P 500 recently said climate change will continue to affect financial performance worldwide.
And when climate disasters strike—like more frequent droughts, storms, fires, and floods—low-income neighborhoods and communities of color are the hardest hit. Climate action is crucial to helping reduce barriers to opportunity that keep people out of the middle class.