The People Fleeing Climate Disasters Are Going to Transform the American South
October 6th, 2024
Via the New York Times, a look at how people will move to avoid future climate disasters: When Hurricane Helene, the 420-mile-wide, slow-spinning conveyor belt of wind and water drowned part of Florida’s coastline and then barged its path northward through North Carolina last week, it destroyed more than homes and bridges. It shook people’s […]
Read more »Nowhere in America Is Safe From Climate-Fueled Storms and Fires
October 4th, 2024
Via Bloomberg, a look at how billion-dollar weather disasters have touched every corner of the US in the past five years: Forecasters had warned for days that Hurricane Helene was likely to cause widespread devastation. But when the powerful storm struck Florida and barreled through the eastern US last week, killing more than 180 people […]
Read more »On-the-Move Americans Are Unwitting Storm Chasers
September 20th, 2024
Via the Wall Street Journal, a look at – as more people relocate to states exposed to natural disasters – the property investors following them are assuming bigger risks: Is it better to inherit property in Miami or Detroit? Florida’s much higher home prices mean the answer is obvious today. But intensifying storms and rising sea levels […]
Read more »Are You Sure Your House Is Worth That Much?
August 26th, 2024
Via The Atlantic, a look at how climate risk is still not being priced into American homeownership: Across the United States, homeowner’s insurance is getting more expensive. In storm-battered Florida and coastal Louisiana, they’ve gone up a lot; the same is true for scorched Colorado and California. But even Ohio and Wisconsin have seen rate […]
Read more »Extreme Weather Prompts Growth of Parametric Insurance
July 18th, 2024
Via Cipher News, a look at how extreme weather prompts growth of parametric insurance, offering faster, more flexible payments after disasters: Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance. They’re still there, producing food and […]
Read more »Extreme Heat Is Causing Billions in Damages That Insurers Won’t Cover
July 18th, 2024
Via Wall Street Journal, a report on the impact of extreme heat on insurers: The heat waves broiling tens of millions of Americans can warp roofs, shrivel crops, buckle roads and disrupt power supplies. Much of that damage is hard to quantify—and isn’t covered by insurance. Now cities, regulators and companies are sounding the alarm about the […]
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.