A Climate Laggard in America’s Industrial Heartland Has a Plan to Change, Fast
July 15th, 2023
Courtesy of The New York Times, a look how lawmakers in Michigan have long fought tough pollution controls, but the toll of flooding, lost crops and damage to the Great Lakes appears to be changing minds: From toxic algal blooms in the Great Lakes to sewage pouring into Detroit basements to choking wildfire smoke that […]
Read more »We’re building roofs wrong. A different approach can save money and lives.
July 15th, 2023
Courtesy of The Washington Post, an article on innovative roof technology which can help combat extreme heat: Years ago, I walked onto the roof of the Palo Alto Research Center. The nondescript beige building in Silicon Valley, known for groundbreaking technology, is the birthplace of the mouse, laser printer and Ethernet. That afternoon, researchers were sending heat […]
Read more »Even ‘Safe’ Places Are Experiencing Climate Chaos in America
July 13th, 2023
Courtesy of The New York Times, commentary on recent flooding in Vermont and the need to develop responsive infrastructure: The capital of Vermont — the state that often tops those “best states to move to and avoid climate change” lists — was, until Tuesday afternoon, mostly underwater. Swollen by record-breaking rainfall, the Winooski River claimed nearly the entire […]
Read more »Why Insurance Companies Are Fleeing Florida
July 12th, 2023
Via HeatMap, commentary on why insurance companies are fleeing Florida – it’s not just the hurricanes: The Florida insurance market took another hit this week when Farmers announced it would pull out of the state, leaving around 100,000 customers unable to renew their policies. While the news garnered headlines, it was exceptional not so much […]
Read more »Are Cities’ Long Held Plans For Extreme Heat Enough In A Warming World?
July 12th, 2023
Via AP News, a look at whether cities’ long-held plans for extreme heat are enough in a warming world: Natural disasters can be dramatic — barreling hurricanes, building-toppling tornadoes — but heat is more deadly. Chicago learned that the hard way in 1995. That July, a weeklong heat wave that hit 106 degrees Fahrenheit (41 […]
Read more »Farmers Insurance Has Lost Its Appetite For Business in Extreme Weather Hotspots
July 12th, 2023
Via Quartz, an article on Farmers Insurance decision to restrict its offerings in Florida and California: Farmers Insurance is dropping home, auto, and umbrella coverage in Florida, it announced yesterday (July 11). The state, infamous for its hurricane seasons, has seen several insurers drop out just ahead of peak hurricane season, which tends to be […]
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.