KEVIN BOOK: It's a big topic right now, because Europe is not happy about the incentives we're giving domestic manufacturing. So what is the biggest change that's coming in 2023? I mean, we hear all about this money being spent on incentivizing people to buy electric vehicles, for example, is that the upshot? MARGARET BRENNAN: Kevin, you look at this, from the perspective of investment and planning. So it's hard to plan for but you now have the federal government coming out here in the west and saying, okay, states, you gotta get together and figure out how you're going to use this water supply, or we're going to start imposing some pretty significant cuts on you if you don't do it yourselves. So when you get more rain and less snow, you have less snowpack up in the mountains, and that is creating this crisis out here with reservoirs, with the Colorado River, and that's really impacting millions of people when it comes to the water supply. Out here in the West, the real plan is how do you kind of forecast and deal with water supplies when you're talking about hotter and drier as the long term trend. And so you're seeing when you get these rain storms are often kind of supercharged, and you're getting more flooding out of that. And then in the east, as you mentioned, there's flooding. So as you said, out here, in the west, we're talking about hotter and drier, and that's created this 23 year long, mega drought that we're suffering through. So, so what is happening? What do people need to plan for?īEN TRACY: Well, when we talk about climate change, you're basically talking about extremes, right? So the extremes get more extreme. And I know out in California, you've had for a long time concern about drought in the west, then you have these predictions from NASA, about flooding here in the east, really at record levels. I want to talk about how to plan for what's ahead, and what is being done. Ben, I want to start with you because I don't want to just admire the problem. And welcome Kevin Book, an energy analyst and currently the managing director of ClearView Energy Partners. MARGARET BRENNAN: We now want to go to Ben Tracy, senior national and environmental correspondent out in Los Angeles. The following is a transcript of an interview with Ben Tracy and Kevin Book that aired on Sunday, Jan. The politics and economics of climate change and energy in 2023 09:57
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