Over the past year, proposals to insure communities against economic losses caused by climate change, known as climate risk insurance, have gained traction. But there’s an international debate about those plans: some countries argue there are significant financial, practical and moral concerns, while others say climate risk insurance is an essential element of preparations for a warming world. POLITICO’s Zia Weise breaks down why insuring the world against climate change is controversial. Plus, the Biden administration is opening up $20 billion in funding opportunities to advance clean technology deployment especially in low-income and disadvantaged communities.

For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch

And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy

Zia Weise is a reporter covering climate policy for POLITICO Europe.

Josh Siegel is a congressional energy reporter for POLITICO. 

Nirmal Mulaikal is a POLITICO audio host-producer. 

Annie Rees is a senior audio producer-host at POLITICO. 

Gloria Gonzalez is the deputy energy editor for POLITICO. 

Matt Daily is the energy editor for POLITICO.

Learn more about your ad choices. Visit megaphone.fm/adchoices