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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 WW0 Staff For the United States, the post-Trump, pre-COP26 road to Glasgow has been paved with ambition and humility. In a major speech, the President’s Envoy, John Kerry, previewed the results of his climate diplomacy before heading into two weeks of intense deliberations of world leaders. Speaking at the London School of Economics — […]
Next week, the COP26 climate conference in Glasgow will draw hundreds of world leaders to Glasgow to determine the path forward five years after the Paris Climate Agreement (for a primer, read this) as new science underscores the urgency. The conference aims to squeeze countries to strengthen the commitments they’ve made towards securing global net-zero […]
By Amy Lupica, ODP Daily Editor In a report released last week, the Department of Defense (DOD) confirmed that existing risks and security challenges in the US are being made worse due to “increasing temperatures; changing precipitation patterns; and more frequent, intense, and unpredictable extreme weather conditions caused by climate change. Now, the Pentagon is […]
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