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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.
Why This Matters: The world’s coffee “Bean Belt” is located in regions more vulnerable to the imminent impacts of climate change. Rising temperatures in areas between the Tropics of Capricorn and Cancer in countries worldwide are increasing disease and wiping out insects needed to pollinate coffee plants.
by Ashira Morris, ODP Staff Writer After the German Constitutional Court ruled that the country’s climate plans weren’t sufficient, the government has announced its new plans: Cutting carbon emissions 65% by 2030 and 88% by 2040 (based on a 1990 baseline) Aiming for net-zero emissions by 2045, five years earlier than the initial target The […]
The world’s glaciers are melting faster than ever before, and it’s having significant consequences on the oceans, wildlife, and our coastlines. A study published Wednesday found that nearly all the world’s glaciers are melting, and some are withering at rates 31 percent higher than 15 years ago.
Why This Matters: As glaciers melt, habitats for critical species disappear, water sources deplete, coastlines recede, and dangerous glacial bursts threaten communities.
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