| Notes |
Big cities such as Houston must prepare for more frequent episodes of extreme rainfall and flooding, as the city is doing through its recently released Resilient Houston plan. At the same time, rural communities in West Texas should plan for more intense droughts.
Given the long-term horizon of 2036, our strong economy can help position us for the future as we rethink everything from growing crops to creating resilient infrastructure to preempting new government budget problems.
Already, business leaders in Houston and elsewhere across our state are thinking comprehensively about economically productive ways to position Texas for a low-carbon future. As the president and CEO of the Federal Reserve Bank, Rob Kaplan, told the Houston Chronicle recently: “It’s unusual to find a company that is not thinking about (the energy transition). It’s happening faster than people think.”
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