When it rains, federal aid pours unevenly

From: POLITICO's The Long Game - Friday Aug 04,2023 04:03 pm
Aug 04, 2023 View in browser
 
The Long Game header

By Jordan Wolman

THE WEEK THAT WAS

Flood victims are rescued.

Evacuees sit on a boat after being rescued from flooding in Port Arthur, Texas, during Hurricane Harvey in 2017. | | Joe Raedle/Getty Images

Starting next Tuesday, the Long Game’s format moves to weekly. We’ll still deliver data-driven storytelling, compelling interviews with industry and political leaders, and insight on the sustainability landscape on Tuesdays to keep you in the loop. If you want greater frequency, we’ve got you covered. Our Morning Sustainability newsletter, by POLITICO Pro, is delivered at 7 a.m. Monday, Wednesday, and Friday, and examines the latest politics and policy news in a broad range of sustainability topics. Learn more and get a free trial of our Pro offering.

UNEQUAL TIDES — The federal government's "Equity in Action" flood insurance program is anything but, Thomas Frank reports for POLITICO's E&E News.

A new Government Accountability Office report finds that Black households will have to spend a larger share of their income to buy federal flood insurance than white, Hispanic or Asian households under the program. It's the first known analysis of the affordability of these insurance policies on the basis of race and ethnicity.

Flood damage is not covered by standard homeowners’ insurance, and households without flood-specific policies face financial ruin if their homes are damaged. Almost all U.S. flood insurance is sold by the government’s National Flood Insurance Program, which is revising premiums for its 4.7 million policies to make rates reflect more accurately each property’s flood risk and repair cost.

GAO attributes the disparities to those also present in income among households with NFIP policies.

The conclusions weren't necessarily surprising to the Federal Emergency Management Agency, which runs the program, but they could boost efforts to make additional changes.

David Maurstad, the FEMA official in charge of the insurance program, said the GAO findings support his agency's push to have Congress create a program that helps low- and moderate-income households pay for NFIP coverage, which currently costs about $1,000 a year on average.

“We remain concerned about the affordability barrier,” Maurstad said in a statement.

The GAO report did show that Black, white, Hispanic and Asian policyholders will pay nearly identical insurance premiums when the new rates are fully in effect more than a decade from now.

WASHINGTON WATCH

YOU TELL THEM — The Interior Department is on the prowl for some fresh ideas to help shape an ambitious, first-of-its-kind study that will probe the impacts of a warming planet, reports Michael Doyle for POLITICO’s E&E News.

The study, led by the multi-agency U.S. Global Change Research Program, will "assess the status, observed trends, and future projections of America's lands, waters, wildlife, biodiversity and ecosystems.” A comprehensive report following the assessment is due in 2026.

Interior is soliciting feedback on four key areas: conservation and natural resource management, economic interests, human health, and safety and security. Commenters can provide examples of how a changing climate is affecting health, how climate change might prompt physical relocation of U.S. residents, where infrastructure and economic development can be most beneficial, and how specific species and ecosystems have changed.

AROUND THE NATION

EV SPLASH IN CALIFORNIA — A quarter of new car sales in California from April through June were zero-emission vehicles, a first for the state.

Year to date, 24.3 percent of all sales in 2023 have been zero-emission vehicles with the majority of those being Teslas, James Bikales reports. Last year, zero-emission vehicles comprised 18.8 percent of sales in California.

The state has long been ahead of the curve in EV adoption, and set a mandate of 100 percent zero-emission vehicle sales by 2035. That’s triggered a backlash: Republican lawmakers in Congress last week advanced a bill, H.R. 1435 (118), that would limit California’s ability to phase out gas-powered car sales.

Nationwide, EVs comprised 7.2 percent of sales in the second quarter, up from 5.7 percent a year earlier, according to Cox Automotive.

AROUND THE WORLD

NOT YOUR TYPICAL WELCOME HOME PARTY — The British prime minister’s family home got the Greenpeace treatment.

Activists from the climate group draped Rishi Sunak’s family home in black fabric in protest of his administration’s decision to issue hundreds of new North Sea oil and gas licenses.

“Climbers are on the roof of Rishi Sunak’s mansion draping it in 200 metres of oily-black fabric to drive home the dangerous consequences of a new drilling frenzy,” Greenpeace U.K. tweeted Thursday, as the group shared a picture of the stunt.

Downing Street wasn’t amused, Andrew McDonald reports.

“We make no apology for taking the right approach to ensure our energy security, using the resources we have here at home so we are never reliant on aggressors like [Vladimir] Putin for our energy,” a spokesperson said.

Sunak is vacationing in California.

And let it be known: Sunak says his children are climate-conscious, but they aren’t “eco-zealots,” Andrew reports.

 

YOUR TICKET INSIDE THE GOLDEN STATE POLITICAL ARENA: California Playbook delivers the latest intel, buzzy scoops and exclusive coverage from Sacramento and Los Angeles to Silicon Valley and across the state. Don't miss out on the daily must-read for political aficionados and professionals with an outsized interest in California politics, policy and power. Subscribe today.

 
 
YOU TELL US

GAME ON — Happy Friday! Welcome to the Long Game, where we tell you about the latest on efforts to shape our future. We deliver data-driven storytelling, compelling interviews with industry and political leaders, and news Tuesday through Friday to keep you in the loop on sustainability.

Team Sustainability is editor Greg Mott, deputy editor Debra Kahn, and reporters Jordan Wolman and Allison Prang. Reach us at gmott@politico.com, dkahn@politico.com, jwolman@politico.com and aprang@politico.com.

Want more? You can have it. Sign up for the Long Game. Four days a week and still free. That’s sustainability!

 

HITTING YOUR INBOX AUGUST 14—CALIFORNIA CLIMATE: Climate change isn’t just about the weather. It's also about how we do business and create new policies, especially in California. So we have something cool for you: A brand-new California Climate newsletter. It's not just climate or science chat, it's your daily cheat sheet to understanding how the legislative landscape around climate change is shaking up industries across the Golden State. Cut through the jargon and get the latest developments in California as lawmakers and industry leaders adapt to the changing climate. Subscribe now to California Climate to keep up with the changes.

 
 
WHAT WE'RE CLICKING

Global sustainable fund inflows fell sharply in the second quarter amid persisting economic concerns, according to the South China Morning Post.

The Financial Times editorial board has some thoughts on how governments should deal with backlash against policies focused on the green transition.

The world's largest lithium producer is going all in on an Arkansas facility that aims to extract the metal from existing bromine operations, Reuters reports.

 

Follow us on Twitter

Debra Kahn @debra_kahn

Greg Mott @gwmott

Jordan Wolman @jordanwolman

Allison Prang @AllisonPrang

 

Follow us

Follow us on Facebook Follow us on Twitter Follow us on Instagram Listen on Apple Podcast
 

To change your alert settings, please log in at https://www.politico.com/_login?base=https%3A%2F%2Fwww.politico.com/settings

This email was sent to by: POLITICO, LLC 1000 Wilson Blvd. Arlington, VA, 22209, USA

Please click here and follow the steps to .

More emails from POLITICO's The Long Game

Aug 02,2023 04:03 pm - Wednesday

The journalist on the heat beat

Aug 01,2023 04:03 pm - Tuesday

Carbon market's crunch time

Jul 28,2023 04:02 pm - Friday

Taking the measure of ESG month

Jul 27,2023 04:03 pm - Thursday

The war on ESG isn't moving shareholders