Climate Crisis Will Cost Cities A Fortune

Doug McIntyre and David Callaway discuss the persistent issue of urban areas struggling to address climate change due to financial constraints. Cities often lack the budget to tackle long-term climate issues, as their financial planning focuses on short-term crises. An example is New York’s congestion charge, which was not pursued due to political and short-term considerations, despite the continued traffic and associated climate problems. This delay in addressing climate change exacerbates its impact and ultimately increases the cost of future solutions. The conversation underscores the urgent need for cities to find ways to incorporate long-term climate strategies into their budgets to prevent escalating expenses and worsening environmental issues.