Climate resilience startups are riding to the rescue of corporations and homeowners anxious about how rising temperatures and extreme weather might affect their assets.
Climate Alpha is proud to announce our partnership with the MIT Center for Real Estate, a global leader in educating and rallying the development industry toward greater resilience and sustainability. Together, we aim to mobilize real estate investors and professionals as a catalyst for the rapid transition to a greener society.
Rising seas, fires, and outdated government policies threaten a repeat of the subprime mortgage meltdown
“From home buyers deciding where to move to local governments planning new stormwater drainage to businesses looking to disclose their climate risk exposure, actors across the economy will require high-quality, trusted, and accessible climate impact information.”
Even as the IPCC warns humanity that our “window of opportunity to secure a livable and sustainable future for all” is rapidly closing, new climate models driven by machine learning suggest our chances of halting global average temperature increases of more than 1.5°C are slim.
Nouriel Roubini — famous for forecasting the 2008 global financial crisis — is pivoting quickly to offer investors safe havens during the present one.
The former industrial town in Minnesota is coming to terms with its status as a refuge for people moving from across the country because of climate change.
The U.S. housing market is in trouble. Home prices have posted their first annual decline in more than a decade, erasing $2.3 trillion of Americans’ wealth. More pain is likely to follow as the Federal Reserve continues raising interest rates, causing mortgage rates to rise in turn above 7%. This has sparked fears of an imminent, if unevenly distributed, housing crash, with the most bearish investors predicting price declines of 15% or more.
After three years of worsening western drought and intensifying east coast hurricanes, La Nina is over, NOAA declared on Thursday. The cyclic cooling of the Pacific is forecast to give way to its better known counterpart El Niño later this year. This not only has consequences for global weather in general but also U.S. agriculture in particular.
The post-pandemic era has been unkind to real estate investors, as the combination of unrelentingly high interest rates, persistent working-from-home, and an e-commerce plateau has left both commercial and residential markets teetering on the edge of recession.
Climate Alpha founder and CEO Dr. Parag Khanna Khanna has a modest proposal for residents of Louisiana in his new Q&A with POLITICO’s Debra Kamin:
U.S. Treasury Secretary Janet Yellen addressed the first convening of the Climate-related Financial Risk Advisory Committee (CFRAC) Tuesday, and she did not mince words about the clear and present danger mispriced climate risk poses to the global economy.
Climate change tells you where to sell; Climate Alpha tells you where to buy.
Brace yourself, Brooklyn — the borough’s damages from hurricane-strength wind are set to soar 296% over the next 30 years, to more than $5 million annually.
“A history of stability in real estate may be about to be challenged,” warns Climate Alpha’s founder and CEO Parag Khanna in a wide-ranging interview with IPE Real Assets.
Remote work may have upended the valuations of office towers in America’s largest cities, but it has also created new opportunities for real estate portfolio managers to invest in the thriving “Zoomtowns” of tomorrow.
The future is north! Climate Alpha is pleased to announce its expansion to Canada, where we’ve worked closely with clients such as BentallGreenOak to create Resilence Index™ scores down to the census tract.
Michael Ferrari, Chief Scientific Officer and Chief Commercial Officer of Climate Alpha, On Climate Models, Risk, and Investing
The Wall Street Journal has published a guide to the best remote work destinations, highlighting housing size & prices, high-speed internet, and proximity to both parks and airports. One factor that isn’t included? Climate.
When the Federal Reserve asks America’s largest banks to stress-test their portfolios in the event of a climate disaster, what tools should they turn to? Which of today’s Zoomtowns suffering a housing affordability hangover may actually become tomorrow’s climate resilient boomtowns? And will Florida’s retirement communities retain their value as insurance dries up, or are there better bets for buying a home in the coming decade(s)?
Seattle has long been known for its umbrella-shunning ways, but more extreme weather and heavier rain may put that ethos to the test.
Home buyers and sellers are trying to make sense of a downturn that’s full of contradictions: Demand has seized up but supply is still low; prices are sliding but not plummeting; and no one can agree on what comes next.
Are Americans more likely to move in the wake of a climate disaster? The answer is clearly yes, according to a new paper by University of South Carolina researchers Tamara Sheldon and Crystal Zhan.
Hundreds of homes outside the boundaries of Scottsdale can no longer get water from the city, so their owners are living a worst-case scenario of drought in the West.
The Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington.
Investors are turning to a new wave of climate science and analytics companies to manage risk and find opportunities.
Last year’s Inflation Reduction Act earmarked $369 billion for U.S. climate investments over the next decade — an unprecedented sum already beginning to trickle down from the federal to state and local levels.
Global heating will set the stage for extreme weather everywhere in 2023. The consequences are likely to be cataclysmic.
All-electric, solar- and battery-powered energy-smart connected communities offer greater energy-efficient and resilient new homes.
Proposal by a private consortium to build Mexican desalination plant comes as surprise to some on state’s water authority.
Exclusionary zoning is a prime example of local government gone wrong. Federal and state officials will have to proceed carefully in reforming it.
How a changing climate impacts reinsurance and catastrophe bonds
Folks are flocking to areas plagued with wildfires and extreme heat. Climate change will only make things worse.
From Florida to France to Australia, some reinsurers faced with soaring costs after this year’s extreme weather.
Why has the number of hurricanes causing $1 billion or more in damage more than doubled since the 1980s? And why has the total cost
See how Climate Alpha’s Resilience Index™, Climate Price™ and Scenario Forecaster can be used to find where to rebuild after natural disasters.
Climate Alpha CEO, Parag Khanna, urges people to move to resilient geographies and shifting technology to people in need in a recent Semafor op-ed
Data centers run our personal and professional lives, so it’s crucial that they keep working in a future of climate change.
Urban centers across Europe are seeking solutions as record summer temperatures threaten to become an annual event
It’s a small yet noticeable shift, experts say — but climate change is causing retirees to start reconsidering moves to disaster-prone dream locales.
Some people headed for northern New England, the Cape and Islands, and the Berkshires amid the newfound freedom of remote work, but like many major northern cities, metro Boston saw residents decamping for the Sun Belt, and not just to retire.
Small farmers are now going up against deep-pocketed investors, including private equity firms and real estate developers. Read our take on The New York Times new report.
Economic historian Adam Tooze asks whether the next shoe to drop in what he calls “the polycrisis” will be a global housing crash triggered by steadily rising interest rates.
The federal report paints a dire picture of what life is now like in America amid the climate crisis, and the incredible changes in store in the future. And it outlines some painful truths about global warming we must confront, but so far have not.
Our obsession with sovereignty is inhibiting the global mobility we desperately need. Dr. Parag Khanna shares his take in Financial Times.
What will it take for most Americans to realize the risks of a changing climate? As global leaders meet in Egypt for #COP27 and as the United States takes stock the day after the mid-term elections, Florida residents are grappling with whether to shelter in place following the destructive path of #HurricaneIan, or to build back better from a climate resilience standpoint.
This Yahoo News series analyzes different regions around the country in terms of climate change risks that they face now and will experience in the years to come.
A new report shows that for 90 percent of large companies, climate risk will threaten at least one asset, with a possible loss in value of 20 percent. Smart companies are getting ahead of that risk.
Hurricane Ian is one of the most devastating disasters in Florida’s history—a state with a long history of tragedy. For those millions affected by disasters across America every year it is an increasingly common story.
With the American West still in the grip of a 20-year #megadrought, California regulators have unanimously approved a $140 million desalination plant in Orange County — the first approved since stricter regulations were adopted in 2019. The small planet will only produce 5 million gallons daily — enough to serve 40,000 people — but is notable in two respects.
Climate Alpha’s founder and CEO Dr. Parag Khanna Khanna recently joined The Weather Channel to discuss #climatechange, #adaptation, and #migration. Where will Americans want to live in 2030 and beyond? How should regions prepare in the coming decades? And which places will successfully adapt to the next normal, and which will be left behind?
Greg Lindsay, Climate Alpha’s Chief Communications Officer, looks at The New York Time’s recent article, “Climate Pledges Are Falling Short, and a Chaotic Future Looks More Like Reality” on the upcoming UN Conference as it relates to climate pledges.
“A lot of real estate is going to be stranded because of global climate change,” the economist Nouriel Roubini — better known as “Dr. Doom” for correctly diagnosing the Global Financial Crisis — told Bloomberg News’ Odd Lots podcast last week.
An astonishing 10% of Canadian homes are effectively uninsurable due to flood risk, The Guardian reports.
The next victim of climate change is the American Dream. As the scale of #HurricaneIan’s losses mount — $67 billion in privately insured losses and counting
Climate gentrification is underway according to the Fast Company’s recent findings. Wealthier people and businesses are moving inland as climate change hits costal communities.
Land-use restrictions and lack of infrastructure have made it harder for developers to find sites to build homes; ‘almost across the board, you’re fighting for land’ according to The Wall Street Journal
Communities across the country hope to tap into funds from Democrats’ new climate law to restore coastal habitats, part of a program that emphasizes nature-based solutions.
As the Colorado River dries, the megadrought gripping the western states is only part of the problem. Alternative sources of water are also imperiled, and the nation’s food along with it.
The U.S. is in the middle of “danger season” — the period between May and October when the risk of climate disasters is at its highest. (A case in point: today is the anniversary of #HurricaneKatrina making landfall in New Orleans.)
The Washington Post’s Megan McArdle contrasts the diverging fortunes of Jackson Hole, WY and Buffalo, NY in an era of “Zoomtowns” and remote work.
People who relocated during the pandemic favored areas at higher risk of disruption due to climate change, but they may come to regret those moves over the long term, futurist Greg Lindsay told a gathering of the Denver Metro Commercial Association of Realtors on Thursday morning…
Currently, climate adaptation initiatives — that is, those that help people, animals, and plants to survive despite rising climate volatility rather than trying to reverse it — receive only 6% of climate-related investment. They deserve far greater business investment…
This week, parts of the Pacific Northwest and British Columbia found themselves underwater after an “atmospheric river” dumped inches of rain within hours, caused power outages and devastating floods, and forced the evacuations of thousands…
This decade marks the beginning of climate change taking a permanent place in our headlines — and humanity taking seriously the need to adapt to it. While climate consciousness has risen over the past 20 years and more…
If you’re looking for a strategy to get the most value from climate investments, the answer is simple: Cities like Detroit, Cleveland, and Buffalo will still be livable as the climate changes, and have the space to absorb climate migrants…
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