The U.S. just wasted four years not developing a plan to deal with the financial costs of global warming and a transitioning economy. We're now playing catchup.
South Texas and many parts of Louisiana are under water AGAIN. Why would banks give loans for rebuilding in these areas? Why would insurance companies write policies protecting the folks who want to rebuild there? If we believe that environmental degradation is going to get worse then this insanity of living in places not fit for humans needs to stop sometime soon.
Good related story in Axios this morning: How the global warming fight is reshaping finance
https://www.axios.com/newsletters/axios-markets-5be8b48b-57a1-453d-b8b3-c588f944c05b.html?chunk=0&utm_term=emshare#story0
South Texas and many parts of Louisiana are under water AGAIN. Why would banks give loans for rebuilding in these areas? Why would insurance companies write policies protecting the folks who want to rebuild there? If we believe that environmental degradation is going to get worse then this insanity of living in places not fit for humans needs to stop sometime soon.