A draft of the next National Climate Assessment was published last week in anticipation of President Biden’s appearance at #COP27. Although the final report won’t be published until late next year, the 1,695 draft released for public comment notes “the things Americans value most are at risk” — starting with their homes. Summarizing the draft’s key takeaways, CNN contributor John D. Sutter paints a dire picture in a recent article of what’s to come, including:
• The U.S. is warming faster than the global average. Underscoring the need to invest in climate adaptation now rather than cling to dreams of total mitigation.
• Climate disasters are getting worse. “In the 1980s, the country experienced on average one (inflation-adjusted) billion-dollar [extreme weather] event every four months,” the draft report states. “Now, there is one every three weeks, on average.”
• It hits the most vulnerable the hardest, as frontline communities face the brunt of climate disasters due to decades of discrimination and displacement. They urgently deserve investment in adaptation.
• It’s playing a role in migration and economic woes. “Millions of people,” the report states, will be displaced by floods, fires, and rising seas. Those are numbers not seen in the United State since the Dust Bowl.
Taken together, these and other factors point to the clear and present need to invest in climate adaptation — and migration — using both public funds and private capital. At Climate Alpha, we’re building the tools investors, planners, and strategists need to identify and build the resilient communities of tomorrow.
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#climateadaptation #climatemigration #realestate #climaterisks
