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Joint Economic Committee Democrats Chairman - Senator Martin Heinrich (D-NM)

Chairman Beyer Statement on Intergovernmental Panel on Climate Change’s New Report

Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), issued the following statement following the release of the Intergovernmental Panel on Climate Change’s new report: 

“The latest report from the Intergovernmental Panel on Climate Change underscores the dire consequences of further delays on climate action. We now know that the climate crisis is both more severe and worsening more quickly than was understood just a few years ago. Across the country, we are already experiencing its harmful effects, and as a nation, we cannot afford the cost of inaction.

“We’ve seen how increasingly severe wildfires are threatening entire communities while creating air pollution that stretches from coast to coast; heat waves are becoming more frequent and more intense, posing serious respiratory health risks; and warming ocean waters are making hurricanes more frequent and increasingly damaging, particularly to flood-prone areas. And we’ve seen time and again how low-income communities and communities of color are disproportionately affected.

“In addition to the costs borne by families and communities, the effects of climate change are responsible for lower overall productivity, decreased property values, reduced farm production and declining local tax revenues. This harms economic growth, exacerbates inequality, and leaves us more vulnerable to future environmental threats and economic shocks.

“The answer is clear: To protect our lives and our planet, we must make bold investments that address climate change. As laid out in the reconciliation bill, alongside the infrastructure bill passed by the Senate, investments to expand clean energy, reduce emissions and create green jobs are key to bolstering climate resilience and putting us on a path to solve the climate crisis.”