A New York Times Report on Federal Reserve Bank of San Francisco * Home values could fall significantly. * Banks could stop lending to flood-prone communities. * Towns could lose the tax money they need to build sea walls and other protections. * Volatility related to climate change has become “increasingly relevant” as a consideration […]
Tag Archives: rising sea level
Financial Risks From Climate Change
Posted in Environment, Global Warming, Science
Also tagged climage change, Federal Reserve, flood insurance, real estate, risk
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Climate Change, Real Estate Mortgages, Flood Insurance and You
From https://www.reuters.com/article/us-climatechange-mortgages-idUSKBN1WE0D3 “The market’s failure to integrate climate science with investment analysis has created a mispricing phenomenon that is possibly larger than the mortgage credit bubble of the mid-2000s” “a key culprit for the mispriced risk in the U.S. mortgage market is outdated flood maps drawn by the federal government.” “Due to budget cuts, more […]
Posted in Environment, Global Warming, Science
Also tagged climate change, flood insurance, flooding, real estate
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The Ocean and Cryosphere in a Changing Climate
The latest Intergovernmental Panelon Climate Change (IPCC)Special Report high lights the urgency of prioritizing timely, ambitious and coordinated action to address unprecedented and enduring changes in the ocean and cryosphere. The report states the sea level is rising much faster than previously forecast. The Intergovernmental Panel on Climate Change (IPCC) warns one billion people will […]
Posted in Environment, Global Warming, Government, International, Science
Also tagged climate change
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Ocean Front Property
Sidd said: It has been fifteen years i think i said “The ocean is very large and wants in your basement” Nyhoo, here’s an article https://news.sky.com/story/dont-buy-coastal-properties-un-scientists-issue-stark-warning-on-climate-11819030 No part of the planet will be spared a climate crisis as oceans warm and glaciers and ice sheets melt, according to a report by United Nations scientists. The […]
Posted in Environment, Global Warming, Science
Also tagged climate change, flood insurance, real estate
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Flood Insurance Risk
From https://urbanland.uli.org/sustainability/investors-and-bond-rating-analysts-are-working-to-quantify-risks-from-climate-change/ Bonds, insurance, climate risk: “a cataclysmic issue” “Going forward, cities that lack the resources to invest in climate remediation may see their credit ratings decline as result” “Those longer-term risks “are not priced into the market today,” He cited the difficulty of evaluating the flood risk for a regional mall that sits atop […]
Posted in Environment, Global Warming
Also tagged climate change, flood insurance, real estate, sea level rise
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Volumetric or Cubical Expansion Coefficients of Water?
I asked: I’ve been trying to consider the Volumetric or Cubical Expansion Coefficients of Liquids and how it relates to water and climate change It’s hard to wrap my head around… especially when you add melting sea ice to the equation What do you think? Will warmer water increase sea level rise even greater… the […]
Posted in Education, Environment, Global Warming, Science
Also tagged climate change, melting ice, sea level rise
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Real Estate Value and Rising Sea Level
“A very simple way of thinking about it is that it will be tens of thousands of dollars per resident in places that may not have a large tax base” “Globally, the question of equity is even more acute, with cities in developed nations far better able to fund climate change adaptation projects than in […]
Posted in Environment, Global Warming, Science
Also tagged climate change, flood insurance, investments, real estate, sea level rise
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Do You Need Flood Insurance?
by Daniel Brouse and Sidd Mukherjee There’s a thing about climate change and a rising sea level that took me a while to grasp… a lot of the water isn’t actually in the sea. As more water accumulates in the sea and the temperature rises, more energy is also being stored in the sea. Now, […]
Posted in Education, Environment, Global Warming, Government, Science
Also tagged climate change, flood in, real estate, sea level, sea level rise
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Flood Buyouts, Savings and Climate Change
The AP article Flood buyout costs rise as storms intensify, seas surge reports: “‘… nearly half of the homeowners in Mosby signed up in 2016 for a program in which the government would buy and then demolish their properties rather than paying to rebuild them over and over. They’re still waiting for offers, joining thousands […]
Posted in Environment, Global Warming, Science
Also tagged climate change, extreme weather events, flood insurance, real estate, sea level rise
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Underestimated Flood Risk
https://eos.org/opinions/millions-more-americans-face-flood-risks-than-previously-thought text follows: Millions More Americans Face Flood Risks Than Previously Thought A different modeling approach fills large gaps in the U.S. governmentâ??s flood risk estimates, revealing previously overlooked at-risk areas often surrounding small flood-prone streams. A Spring Lake, N.C., resident is carried from her flooded home on 17 September 2018, in the aftermath of […]
Posted in Environment, Global Warming, Science
Also tagged climate change, flood insurance, flooding, floods, real estate, sea level rise
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