Topic: Green Banking

European Central Bank President Christine Lagarde introduced the concept of the "Green Swan" during an IMF roundtable, referring to catastrophic climate events that could destabilize the global financial system. The hosts criticize the terminology as a way to force low-carbon investment mandates on the public.

LEED-certified buildings are criticized for "crippling" appliances like dishwashers and water heaters to meet environmental standards, leading to power outages during cold snaps. Simultaneously, the China Central Bank has instructed local governments to regulate and reduce the power usage of Bitcoin miners to scale back production.

The COP 16 climate talks in Cancun, Mexico, conclude with the establishment of the Green Climate Fund, which aims to raise $100 billion annually. The hosts criticize the appointment of the World Bank as the fund's trustee, arguing the money will be used for "elitist pricks" rather than environmental protection. They also mention the "REDD" acronym for reducing emissions, characterizing it as a land grab from poor nations.

The cap and trade bill includes provisions for "Green Banking Centers" and amendments to the Cranston-Gonzalez National Affordable Housing Act. Representative John Boehner questioned why an energy bill is modifying housing laws and building material requirements. Representative Mary Bono Mack is singled out for criticism for voting in favor of the bill despite being a Republican.