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Yesterday, the real estate listing site Realtor.com made a major step in disclosing climate risks associated with listed homes. As NPR reported, the site has “become the first site to disclose information about a home’s flood risk and how climate change could increase that risk in the coming decades, potentially signaling a major shift in consumers’ access to information about climate threats.”
Why This Matters: As we wrote earlier this summer, a recent analysis revealed that millions of American homes are at a growing risk of extreme flooding. And home buyers should understand the potential risks they’re assuming in making a major purchase.
Additionally, the housing market doesn’t adequately account for the risks of climate change. For instance, mortgage lenders, portfolio managers and buyers of mortgages don’t take into account climate-induced floods, except to determine if a house sits in a 100-year floodplain at the time the mortgage is issued. But once that risk is reflected, mortgages may become much more difficult for Americans to attain.
by Natasha Lasky, ODP Staff Writer A new study has found a mere 5% of the world’s power plants are responsible for 73% of emissions released from energy generation. A group of researchers at the University of Colorado at Boulder analyzed 2018 data from 29,000 fossil fuel power plants in 221 countries and found the […]
By Ashira Morris, ODP Staff Writer One of the big headlines out of the European Union’s recently released package of concrete policies to hit climate neutrality was the phase out of diesel and petrol fueled cars by 2035. The proposal plans for charging stations every 60km (about every 37 miles), a massive ramp up in […]
Yesterday, several news outlets reported that the Biden administration will soon propose a return to aggressive Obama-era vehicle mileage standards over five years, after which rules would tighten to encourage 40% of U.S. drivers into electric vehicles by 2030. As the Post and Courrier reported, The proposed rules from the Environmental Protection Agency and Department […]
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