Climate risks may trigger the next housing crisis

Climate change is making U.S. homes riskier investments, as rising insurance costs signal a looming housing bubble that could devastate the economy.

Zoë Schlanger reports for The Atlantic.


In short:

  • Home insurance premiums are climbing nationwide due to increasing climate risks like wildfires and floods.
  • Experts warn that home prices don’t reflect these growing risks, leading to a potential housing bubble.
  • If this bubble bursts, it could cause widespread economic damage, especially in vulnerable regions.

Key quote:

“We’re in a bubble, and whether it deflates slowly, causing some economic pain, or pops suddenly, shocking the country’s economic system, will come down to policy choices that governments make now.”

— Jesse Gourevitch, an environmental economist at the Environmental Defense Fund

Why this matters:

With climate-related disasters becoming more frequent, homeowners face increasing financial risks. Addressing these challenges now could prevent a catastrophic economic collapse in the future.

More: People are moving to risky areas despite climate dangers

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The Ashaninka tribe, once displaced by deforestation and cattle farming, has restored its territory and is now leading efforts to expand its land management strategies across 12 Indigenous territories in the Amazon.

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Humanity's future depends on sustainable living and global equality, study finds

A new report from the Earth Commission warns that unless global consumption patterns shift and resources are distributed more fairly, the planet's capacity to support a prosperous future for all is rapidly shrinking.

Jonathan Watts reports for The Guardian.

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Hurricanes like Francine are more dangerous as the Gulf Coast sinks

Hurricane Francine slammed southern Louisiana with 100 mph winds and an intense storm surge, made worse by climate change and subsidence along the Gulf Coast.

Matt Simon reports for Grist.

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B.C.'s forests struggle to recover as logging and wildfires take their toll

As British Columbia grapples with the effects of over-logging and wildfires, experts warn that the province’s forests are rapidly depleting, leaving the forestry industry in crisis.

Zoë Yunker reports for The Tyee.

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