Climate Change


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(Illustration by Dushan Milic)

New York underwater

When President Donald Trump announced in June that the United States would pull out of the Paris climate accord, New York developer Jonathan Rose sensed that something more than an environmental safety net was...

Mexico Beach, Florida, in the aftermath of Hurricane Michael in 2018 (Credit: Getty Images)

Fitch to include natural disasters risks to RMBS ratings

Fitch Ratings will include natural disaster risks into its ratings of residential mortgage-backed securities, a sign that the industry...

Plans for NYC’s storm-surge barrier raise environmental concerns

In the years since Hurricane Sandy wrought havoc on the tri-state area, city, state and federal authorities have been...

“No one should be lending for 30 years in most of Florida,” financial climate analyst warns

Real estate lenders and investors are ignoring the rising threat that climate change poses in Florida, which could spell disaster for the state’s economy,...

Comptroller Scott Stringer (Credit: Getty Images)

City slow to spend $15B in Superstorm Sandy aid: Stringer

The city has been slow to spend roughly $15 billion it’s received in Superstorm Sandy aid, according to Comptroller...

How one town is moving to avoid flooding

Plans to move a tiny, flood-prone community in Louisiana to higher ground may serve as a model for people forced to leave their homes due to worsening weather conditions. About 40 homeowners who live...

This is how Miami-Dade plans to protect itself from climate change

 Miami-Dade County is embarking on infrastructure projects that could total $20 billion as part of a push to...

How institutional investors are factoring climate change into real estate deals

The impacts of climate change are spurring institutional investors to consult imaging maps, computer models and big data to...

Insurance premiums could rise as more extreme storms hit coastal markets

It’s no secret that coastal homes are becoming more vulnerable to extreme weather and other effects of climate change....

Climate change-related flooding threatens $150B in California real estate: report

That’s a lot of people and a lot of property. A study by the U.S. Geological Survey found that...

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