A $1 Trillion Time Bomb Is Ticking in the Housing Market - Bloomberg
Climate change is costing us dearly, and it’s only getting worse. I feel so intensely frustrated, largely because the preventative actions we could have taken were not mysterious to us: invest in renewables, transition from greenhouse gas-emitting energy generation, and put a price on carbon. We’re finally making some progress on green energy,... See more
America’s Carbon Bill Is Coming Due
Residential real estate is the bedrock of the U.S. economy: Almost two-thirds of American adults own their homes, totalling a worth of nearly $50 trillion. That's also "an awful lot to lose," writes @abrahmlustgarten in reflecting on the massive damage that disasters have wreaked over the past year, from the Los Angeles firestorms to Hurricanes... See more
instagram.comIn Hawaii, where insured property losses exceed $3 billion dollars, homeowners face rising insurance premiums as a result of climate disasters. Californians are familiar with this pain: State Farm and Allstate have already stopped offering homeowner policies in the state due to a combination of government-imposed rate caps, expensive reinsurance,... See more