Billions of dollars in infrastructure spending could be wasted because the federal government is relying on an outdated weather model, according to a new study from climate research firm First Street Foundation.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