In the 21st century, summertime isn’t just for lounging on the beach and trips to the ice cream shop. Climate change has made summer much more unpleasant—and even dangerous. This year alone, New York City and Chicago have been choked with wildfire smoke and the southern U.S. suffered through a wave of record-breaking high temperatures. That’s why we’re revisiting our conversation with financial regulation expert Sarah Bloom Raskin about how fiscal policy can help save the environment. She explains what levers already exist to steer monetary policy toward lasting sustainability, and which proposed regulatory strategies could create transformative climate outcomes.

This episode originally aired on July 20, 2021.

Sarah Bloom Raskin is the former Deputy Secretary of the U.S. Department of the Treasury and a former Governor of the Federal Reserve Board. She is currently a visiting professor and distinguished fellow at Duke Law School’s Global Financial Markets Center, and a member of President Biden’s Regenerative Crisis Response Committee.

Twitter: @SBloomRaskin

News clips from: CBS News, PBS NewsHour, and TODAY

Learn more about the Regenerative Crisis Response Committee here: https://regenerativecrisisresponsecommittee.org

Does environmental regulation kill or create jobs? https://policyintegrity.org/files/media/Jobs_and_Regulation_Factsheet.pdf

Do regulations really kill jobs? https://www.theatlantic.com/business/archive/2017/01/regulations-jobs/513563

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Nick’s twitter: @NickHanauer