Two Senate Democrats have introduced a bill to create a new climate change adaptation fund to be paid for through new federal bonds.
The bond program — from Sens. Barbara Boxer (D-Calif.) and Dick Durbin (D-Ill.) — would provide up to $200 million annually for a Commerce Department grant program to fund climate change adaptation work around the country.
Introducing the bill on Wednesday, Boxer and Durbin compared the climate change bond program to the war bonds sold by the federal government during the World Wars. Source