California Is Running Out of Safe Places to Build Homes Due to Fires, Rising Seas
July 4th, 2025
Via Bloomberg, a look at how climate-related risks hamper the state’s ability to solve a housing crunch. It’s not alone. California, gripped by a housing shortage that is forcing families from the state, wants to build 2.5 million homes. But it’s running out of safe places to put them. Much of the land best suited for […]
Read more »Cracks Starting To Show: Homeowners Battle Insurers Over $2.9 Trillion Climate Risk
June 14th, 2025
Via Bloomberg, a report on how subsidence is a worsening risk and insurers don’t want to pick up the tab. When Bernard Weisse first noticed a tiny crack in the outer wall of his house on the outskirts of Paris, he dismissed it as little more than a nuisance. But in the four years since, […]
Read more »Climate Change Is Devouring Your Home’s Value
February 9th, 2025
Via The New York Times, commentary on the impact of climate change on home values: Houses in the Altadena and Pacific Palisades neighborhoods were still ablaze when talk turned to the cost of the Los Angeles firestorms and who would pay for it. Now it appears that the total damage and economic loss could be […]
Read more »Insurers Are Deserting Homeowners as Climate Shocks Worsen
January 6th, 2025
Via the New York Times, a report on how climate shocks are impacting home ownership as – without insurance, it’s impossible to get a mortgage; without a mortgage, most Americans can’t buy a home: The insurance crisis spreading across the United States arrived at Richard D. Zimmel’s door last week in the form of a […]
Read more »Why These Doctors Started Writing Medical ‘Prescriptions’ for Solar Power
December 18th, 2024
Via NPR.org, a look at an innovative new program called the Clean Power Prescription program that aims to help those in need keep the lights on: Anna Goldman, a primary care physician at Boston Medical Center, got tired of hearing that her patients couldn’t afford the electricity needed to run breathing assistance machines, recharge wheelchairs, […]
Read more »The UK Is Losing the Race Against Devastating Floods
December 13th, 2024
Via Bloomberg, a look at how a first-of-its-kind insurance program bought some in the UK time to shore up flood defenses, but exclusive data shows that isn’t happening quickly enough: About 900 years ago, Medieval monks began resurrecting an expanse of land in southwest England that languished underwater for half the year. Stone by stone, […]
Read more »'Black Swans' are highly improbable events that come as a surprise, have major disruptive effects, and that are often rationalized after the fact as if they had been predictable to begin with. In our rapidly warming world, such events are occurring ever more frequently and include wildfires, floods, extreme heat, and drought.
'Green Shoots' is a term used to describe signs of economic recovery or positive data during a downturn. It references a period of growth and recovery, when plants start to show signs of health and life, and, therefore, has been employed as a metaphor for a recovering economy.
It is my hope that Black Swans / Green Shoots will help readers understand both climate-activated risk and opportunity so that you may invest in, advise, or lead organizations in the context of increasing pressures of global urbanization, resource scarcity, and perils relating to climate change. I believe that the tools of business and finance can help individuals, businesses, and global society make informed choices about who and what to protect, and I hope that this blog provides some insight into the policy and private sector tools used to assess investments in resilient reinforcement, response, or recovery.