News
Laurel Peltier Took On Multi-Million Dollar Private Energy Companies Scamming Baltimore’s Low-Income Households, One Victim at a Time
Policymakers hoped deregulated energy markets would lower utility bills through open competition. Energy advocates found the opposite: retail energy companies are fleecing low-income communities of color in cities like Baltimore.
By Aman Azhar
Harm City: Third in a series about environmental justice and climate adaptation in Baltimore’s neighborhoods.
Related Knowledge Center: Climate economics
State of Play
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”