Categories
Uncategorized

The First Microgrid Communities in California

KB Home has launched America’s first all-electric, solar-powered micro-grid neighborhoods at its master-planned community in California’s Inland Empire.

Designed in partnership with the US Department of Energy, SunPower, the University of California at Irvine, Southern California Edison, Schneider Electric, and Kia, each home boasts EV charger-ready wiring and batteries connected to a local smart grid.

It’s a win-win for all involved, as residents benefit from a potential 40% reduction in energy use while worrying less about more frequent blackouts. And for homebuilders like KB Home, the combination of rising interest rates, single-family rentals, and zero-energy ready home standards has made it easier than ever to build new, more resilient housing at scale. The only question is where.

And that’s where Climate Alpha comes in. For developers and homebuilders, our suite of analytics can not only identify the optimal regions for homes powered by renewables, but also calculate the risk-adjusted valuations out to 2040 that will help justify these investments in the present.

Visit www.climatealpha.ai to learn more about how our tools will help found the resilient communities of tomorrow.

#realestate #climateadaptation #microgrids #ZERH #SFR #MPC

Categories
Uncategorized

Here today. Gone tomorrow. Back someday because of climate change.

“As the Sun Belt suffers from increasing vulnerability, the question is can New England benefit from that?” asks Climate Alpha’s Greg Lindsay in The Boston Globe, framing a story exploring whether the region’s climate resilience might spark a reversal of the region’s migration patterns.

Not so fast, say the other experts quoted. A much bigger factor than climate is the region’s dramatic shortfall of affordable housing — a problem made worse by the NIMBYism of local residents. What good does it do New England to be a climate haven if no one can move there? But that’s all the reason to start planning — and building — for tomorrow’s arrivals now, says Climate Alpha founder Dr. Parag Khanna.

“You don’t want this kind of reckless climate gentrification overrunning places where you get crowding out and pricing ordinary people out of the market,” Khanna said. “If you just think with a rigorous scientific lens, you should be thinking about the places that would be more resilient [and] pre-designing in the sense of sustainable technology and enlarging the capacity of those geographies to absorb greater populations.”

At Climate Alpha, we build tools for planners, developers, and investors to start preparing for the future now. Whether its our Resilience Scores for 40,000 ZIP codes, our risk-adjusted valuations for real estate every year through 2040, or our patent-pending scenario forecaster, we offer our customers the scientific lens they need to separate hype from opportunities. Visit www.climatealpha.ai to learn more.

Categories
Uncategorized

Farmland Values Hit Record Highs, Pricing Out Farmers

The price of U.S. farmland has soared 12.4% over the last two years, thanks to a perfect storm — a derecho in this case — of inflation in both commodity crops and housing, coupled with generous government subsidies propping up farm activities. The result has been a windfall for investors (who own 40% of U.S. farmland) and a squeeze on small farmers unable to acquire land — or do so only at the steep price of debt.

The New York Times’ Linda Qiu notes that farmland has became a highly desirable hedge against volatility for pension funds, private equity, and even Bill Gates — now the largest private owner of farmland in the country.

But as climate change alters both weather and demographic patterns across the United States, the value of that land is certain to change due to crop yields, housing starts, water availability, and much more.

Climate Alpha’s Climate Price™analytics suite offers risk-adjusted valuations for every year out to 2040, along with our patent-pending scenario forecaster for evaluating valuations under multiple climate conditions.

Visit www.climatealpha.ai to learn how our tools can help you unearth new opportunities in a rapidly changing world.

#realestate #farmland #cropland #pastureland #billgates

Categories
Uncategorized

Adam Tooze & the Global Housing Downturn

Formerly white-hot American housing markets such as Austin, Seattle, and Cape Floral, Florida are now facing the steepest declines — bad situations made worse by recent climate disasters, including wildfire smoke and Hurricane Ian. But the real crisis is unfolding overseas, where property markets in China, Sweden, Canada, and others are grinding to a halt. Tooze spells it out:

“In the global economy there are three really large asset classes: the equities issued by corporations ($109 trillion); the debt securities issued by corporations and governments ($123 trillion); and real estate, which is dominated by residential real estate, valued worldwide at $258 trillion. Commercial real estate ($32.6 trillion) and agricultural land add another $68 trillion. If economic news were reported more sensibly, indices of global real estate would figure every day alongside the S&P500 and the Nasdaq. The surge in global house prices in 2019-2021 added tens of trillions to measured global wealth. If that unwinds it will deliver a huge recessionary shock.”

This is the moment Climate Alpha was made for. As the polycrisis scrambles once-reliable economic formulas and triggers a worldwide flight to quality in the world’s overwhelmingly largest asset class, our tools literally tell investors where to go as opposed to when to sell. 

Our Climate Price™ analysis suite generates risk-adjusted valuations of real estate portfolios out to 2040 under multiple scenarios, including the effects of rapid interest rate hikes and faster-than-expected climate change impacts.

Visit www.climatealpha.ai to learn more about how we can help you start preparing for what comes after the crash — or if there isn’t one.

#realestate #housing #climaterisks #creditrisks #housingbubble

Categories
Uncategorized

New report paints dire picture of America’s future as climate crisis accelerates

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.

Visit www.climatealpha.ai to learn more about how our Climate Price™ analysis suite can help.

#climateadaptation #climatemigration #realestate #climaterisks 

Categories
Uncategorized

9 in 10 Large Companies Have Assets Located in the Path of Climate Hazards

Nine in ten of the world’s largest companies have at least one asset exposed to climate risk, according to S&P, and more than one-third of those companies should expect that asset’s value to drop by 20 percent or more. But where are those assets? And over what time frame? Esri covered new data from S&P Global Sustainable1.

The geospatial information experts at Esri recommend combining spatial analytics with #GeoAI to understand the intersection of climate risks and business operations. “What are the revenue impacts of closing a store that’s vulnerable to wildfires?” Esri’s Alexander Martonik asks. “How will customer spending change if we move a distribution center out of a region with worsening hurricanes?”

These are the right questions, but answering them will not only require climate and business data, but also a fine-grained understanding of adaptation efforts — how will local public- and private actors move to mitigate those risks? That’s where Climate Alpha comes in, bringing its unique tools to bear in helping customers refine their geospatial analysis to account for human intervention. Visit Climate Alpha’s Product Suite to learn more about how our SaaS offerings can help refine and enrich geospatial forecasts of the future.

#realestate #climateadaptation #climaterisks #riskmanagement

Categories
Uncategorized

A Climate Crisis “Worse” Than the 1970’s?


“People have stupidly moved from New York to Miami and from San Francisco to Austin,” he continued. “But Florida’s going to be flooded and Texas is going to be too hot to survive there. So there’ll have to be a massive migration from south and the coastline towards the only part of the US that is going to survive climate change. It’s the Midwest into essentially Canada. So there’ll be trillions of dollars of real estate assets that are going to be damaged by essentially global climate change.”
 
Climate Alpha is proud to partner with Dr. Roubini’s firm Atlas Capital to create the first-of-its-kind Sustainable REIT Index™ offering risk-adjusted valuation for 200,000 REIT properties under multiple climate scenarios, ranking and clustering funds according to location, property type, and other metrics, with regular updates based on the latest market data
 
“Literally there are maps that show that half of the US in the next 20 years are going to be either underwater on the coastlines or too hot or droughts or wildfires, to be living in it,” Roubini told Odd Lots. At Climate Alpha, we’re making those maps. Visit Climate Alpha’s Products Page to learn more about how we can do the same for you.
 
#realestate #flooding #climateadaptation #climaterisks #creditrisk #drdoom #sustainablereits #climatemigration

Categories
Uncategorized

The Uninsurables: How Storms and Rising Seas are Making Coastlines Unliveable

The Guardian investigated the coastlines of Canada citing figures from the Insurance Bureau of Canada, a trade body, these 800,000 homes concentrated in the Atlantic Provinces and other coastal areas represent 90% of the Canadian insurance industry’s financial liability. In response, the industry is pushing for a federal government-run insurance scheme similar to the United States’ own troubled National Flood Insurance Program.

“The private market, on its own, cannot handle the level of risk that’s escalating in the system without some sort of formal government backstop or direct participation,” the IBC’s Craig Stewart told The Guardian. Over the last 15 years, for instance, insurance claims from severe weather events have quadrupled, including September’s Hurricane Fiona.

Climate change poses a clear and present danger to a Canadian housing market already under severe stress due to rising interest rates, underscoring how simple rules of thumb — Canada is inherently safer than south Florida — are not just wrong, but also dangerous. At Climate Alpha, our models include variables such as the overall health and structure of housing and insurance markets to create more accurate forecasts of risk and opportunities in the decades ahead. Visit Climate Alpha’s Products Page to learn more about what our tools can do for U.S. customers — and soon, our Canadian ones.

#realestate #flooding #climateadaptation #climaterisks #creditrisk

Categories
Uncategorized

The “Zoom Revolution” enriched Jackson Hole. But What About Buffalo?

The Washington Post’s opinion article on Zoom towns contrasts the diverging fortunes of Jackson Hole, WY and Buffalo, NY in an era of “Zoomtowns” and remote work. While the former has seen an influx of workers trading urban life for majestic terrain (and soaring home prices), the aspiring “climate haven” on Lake Erie awaits its Renaissance.

But that could change, McArdle argues: “The Mountain West and the Sun Belt could probably do with less competition for scarce water, and the prosperous coastal cities would be better off with fewer people to house since they refuse to allow enough building to let supply meet demand.”

Any number of small cities have been touted as Zoomtowns. But which will offer the essential combination of affordability, job creation, and climate resilience? Don’t just speculate. We can tell you. Visit our Website at www.climatealpha.ai to learn more.

#zoomtowns #remotework #climatemigration #climateadaptation #realestate

typing

Request Demo