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 »How 1.4B Indians Are Adapting To Climate Change
January 6th, 2025
Via The Economist, a look at how Indians are adapting to climate change: The flood waters were rising and Sukanya Ashin realised she had to get out of her house. Her husband tried to open the back door, but it was blocked by shifting mud. So they wrapped their two-year-old in a blanket and waded through […]
Read more »Is America Just Going to Abandon Its Towns Falling Into the Ocean?
January 5th, 2025
Via the New York Times, commentary on growing risk of rising sea levels: In the 1930s, a terrible drought plunged farming communities across the United States into catastrophe. As millions of Americans abandoned their homes, President Franklin D. Roosevelt created something remarkable: the Resettlement Administration, which sought to move entire communities to newly built towns […]
Read more »To Combat Phoenix’s Extreme Heat, a New Program Provides Sustainable Shade
January 5th, 2025
Via Inside Climate News, a report on Arizona State University’s efforts to create neighborhood shade plans for Phoenix communities and train the workforce needed to support green infrastructure across the metropolitan area: After the hottest summer on record in the nation’s hottest major city, residents, nonprofits, academics and community leaders are planning for the heatwaves to come. […]
Read more »The Future of Urban Housing Is Energy-Efficient Refrigerators
January 3rd, 2025
Via MIT Technology Review, a look at how adapting old, energy-inefficient buildings is less sexy but far greener than many high-tech solutions: The scars and pockmarks of the aging apartments and housing units under the purview of the New York City Housing Authority don’t immediately communicate the idea of innovation. The largest landlord in the […]
Read more »To Solve Climate Change, We Need To Restore Our Sponge Planet
January 3rd, 2025
An interesting comment in Nature Water on how to help stabilize the climate by moving towards a Sponge Planet. Humans have degraded 75 percent of Earth’s land, destabilizing the water cycle, amplifying effects of excess CO2. The water cycle is a key climate stabilizer but overlooked by policymakers. Restoring wetlands, floodplains, forests, recreating a Sponge […]
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.