Billions of dollars in infrastructure spending could be wasted because the federal government is relying on an outdated weather model, according to a new study from climate research firm First Street Foundation. POLITICO\u2019s Zack Colman breaks down how federal dependence on that model presents multiple risks for state and local governments and potentially wastes taxpayer money. Plus,\xa0a global panel backed by the G-20 issued new climate and sustainability disclosure standards.\xa0\n\nZack Colman covers climate change for POLITICO. \nJosh Siegel is a congressional energy reporter for POLITICO. \nNirmal Mulaikal is a POLITICO audio host-producer.\nAlex Keeney is a senior audio producer at POLITICO. \n\nFor more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch\n\nAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy