[MCN] Real estate, insurance industries exposed to climate risks

Lance Olsen lance at wildrockies.org
Wed Mar 14 10:36:45 EDT 2018

Why real estate and insurance lobbies will have a huge influence on climate policy <https://www.greenbiz.com/article/why-real-estate-and-insurance-lobbies-will-have-huge-influence-climate-policy>
https://www.greenbiz.com/article/why-real-estate-and-insurance-lobbies-will-have-huge-influence-climate-policy <https://www.greenbiz.com/article/why-real-estate-and-insurance-lobbies-will-have-huge-influence-climate-policy>


Who can extricate the climate debate from the clutches of dogmatism and partisanship? The answer is those who would be adversely affected by climate "volatility" and whose political strength can outweigh the forces that have fostered the climate change denialism: real estate and insurance.
The stakes are huge

Insured and uninsured values of all structures across the United States potentially exposed to weather and climate "violence" easily will reach well over $100 trillion. And infrastructure such as bridges, roads, dams, utility poles and power stations that makes real estate usable also runs into the trillions.

All of this potential damage is not lost on the real estate and insurance industries. Their journals are full of warning articles preparing them to descend on policymakers.

See more here:

https://www.greenbiz.com/article/why-real-estate-and-insurance-lobbies-will-have-huge-influence-climate-policy <https://www.greenbiz.com/article/why-real-estate-and-insurance-lobbies-will-have-huge-influence-climate-policy>

“Things are happening right now with the ice sheets that were not predicted to happen until 2100,” Schlesinger says. 

“My worry is that we may have passed the window of opportunity where learning is still useful.” 

John Bohannan, ”Trying to Lasso Climate Uncertainty.” 
“Personally, this is very disturbing to me,” McCarty said, because the fire indicates significant permafrost degradation “sooner than [scientists] thought it would happen.” 

Researchers project significant permafrost loss in Greenland by the end of the century. Not 2017, she said.

"In order to control climate change, a range of radical policies will have to be adopted by the world’s authorities – towns, cities, states, national governments and their agencies, and international organisations.”

Paul Fisher, University of Cambridge Institute for Sustainability Leadership

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