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Whether you notice it or not, climate change is affecting the world around us. From droughts to fires to rising amounts of hurricanes, we’re noticing how our world is changing. These changes are causing shifts in the real estate market.
Climate change is magnifying threats such as flooding, wildfires, tropical storms and drought. In 2020 the U.S. experienced a record-breaking 22 weather and climate disasters that each caused at least US$1 billion in damage. So far in 2021, the count stands at 18.
As we face the dual crises of climate change1 and biodiversity loss,2 a new digital tool helps expand virtually carbon-free energy without sacrificing the wildlife habitats that support biodiversity. In Maine, the innovative Renewable Energy Siting Tool is a newly released interactive map that allows the state’s municipalities and clean energy developers to identify optimal sites for solar and onshore wind projects while avoiding those with sensitive wildlife habitats or other constraints.
It’s been almost five years since Hurricane Matthew flooded this small town on the coastal plain of North Carolina. But somehow, the damage keeps getting worse.
Cities generate markets and cultures that come at a consequential cost and cause irrecoverable damage to the environment—climate change. Economies and society are significant barriers to achieving global targets such as the Paris Climate Agreement and UN Sustainable Development Goals.
Let’s step back from this norm about fueling dollars and think about it a bit more closely. Wouldn’t it make sense to focus on generating electricity locally, so consumers can shift to electric transportation and save money as they plug in? Wouldn’t EVs that source electricity locally keep transportation expenditures recirculating through local economies?
The latest United Nations climate report concludes that human-caused climate change is “a code red for humanity,” as the U.N. secretary general put it. That threat is visible in a slew of unprecedented events across the globe.
For many U.S. communities, the bleak predictions laid out in a new United Nations climate change report are more a reflection of the present and not just what’s to come.
The snapshot below presents infrastructure projects in cities around the nation pending public or private investment, most of which respond to years of deterioration and the need for enhanced climate and environmental resilience. Addressing these needs will also spur significant jobs creation across sectors, integrate the voices of historically marginalized communities in planning and focus financial flows for maximum community and social benefit.