October 2, 2022
How long would it take to go 100% green?
“It depends on cooperation. If we all cooperated, we could change over within 6 months. However, we don’t expect the climate deniers will cooperate. In the meantime, many countries plan to reduce fossil fuels by 2030. Some countries, such as China, are building nuclear plants. The UK will transition from natural gas to green hydrogen with most of the regulations in place by 2030.”
“The key to how fast the US transitions is in the cost to ourselves (since we don’t seem to care about the rest of the world.) This can already be seen in Florida and Louisiana where almost all of the homeowners/hazard insurance companies have pulled out. FEMA is a good place to focus our forecasts. FEMA’s flood insurance is the only government subsidized insurance available to everybody. When the government stops subsidizing extreme weather events, you will see an instant turnover to 100% green. The intensity and frequency of extreme weather events is growing exponentially; therefore, we expect FEMA will be bankrupted in short order. At that time, much of US real estate will become worthless and the cost of burning fossil fuels will be deemed too costly. The people impacted by financial and life losses will litigate the fossil fuel industry out-of-business,” said climate scientist Daniel Brouse.
The Costs of Climate Change
Hurricane Ian will be one of the most costly disasters on record, both in terms of money and lives. Over 2 million people lost power. Roads and bridges were destroyed. Some inhabited islands literally got washed away. The hurricane was so powerful that it is difficult to calculate the number of deaths as the bodies can not be found.
The Insurance Journal reports:
Wind and storm-surge losses from Hurricane Ian could reach as $47 billion in Florida alone, a figure made larger by inflation and rising interest rates, the property analytics firm CoreLogic said in a new analysis.
“This is the costliest Florida storm since Hurricane Andrew made landfall in 1992 and a record number of homes and properties were lost due to Hurricane Ian’s intense and destructive characteristics,” said Tom Larsen, associate vice president for hazard and risk management at CoreLogic.
“Hurricane Ian will forever change the real estate industry and city infrastructure,” Larsen said in a news release. “Insurers will go into bankruptcy, homeowners will be forced into delinquency and insurance will become less accessible in regions like Florida.”
More articles on Flood Insurance, Rising Sea Levels and Global Warming.