Air Conditioning Can’t Stop Climate Migration
June 19th, 2023
Via Bloomberg, commentary on how humans are being pushed out of our temperature comfort zone. It’s a good time to be in the air-conditioning business. As my colleagues at Bloomberg News write, an additional 1 billion cooling units are expected to be installed by the end of the decade. It’s one of the main ways in which […]
Read more »Hurricane Resilience: Hiding In Plain Sight
June 19th, 2023
Via Fast Company, a look at how leaders can explore and leverage green infrastructure to prepare for storm resilience? Preparation is an essential element of being a successful CEO. Preparation enables us to take advantage of opportunities, and it’s also essential to help our businesses withstand disasters of all kinds—including natural disasters. June 1 marks […]
Read more »Quantifying The Human Cost of Global Warming
June 19th, 2023
One in five people could live in dangerously hot conditions by the end of the century if global warming continues at its current pace, even if nations uphold their pledges under the Paris Agreement, scientists warned in a new peer-reviewed study. It’s the latest research published in recent days that points to the stark human […]
Read more »New York’s Skyscrapers Are Causing It To Sink – What Can Be Done about It?
June 19th, 2023
Via BBC, a look at how the ground under New York City is sinking partly due to the sheer mass of all its buildings – and it isn’t the only coastal city to be suffering this fate. As sea levels also rise to meet these concrete jungles, can they be saved? On 27 September 1889, […]
Read more »Climate Disasters Make It Harder To Insure Your Home
June 19th, 2023
Courtesy of The Washington Post, an article on how insurance premiums are soaring and carriers are pulling back coverage, citing disaster risks: Homeowners are bracing for hurricane and fire seasons, but with insurance premiums rising and carriers pulling back coverage in riskier states, more and more residents don’t know whether they can afford to insure […]
Read more »How to Buy a Home That Won’t Flood
June 19th, 2023
Courtesy of Barron’s, a report on risk of floods to real estate: Buying a home that will stay high and dry is harder than it used to be. Flooding has long been a worry near rivers and coasts, but costly inundations are happening in areas far from traditional flood zones as climate changes and development […]
Read more »'Black Swans' are highly improbable events that come as a surprise, have major disruptive effects, and that are often rationalized after the fact as if they had been predictable to begin with. In our rapidly warming world, such events are occurring ever more frequently and include wildfires, floods, extreme heat, and drought.
'Green Shoots' is a term used to describe signs of economic recovery or positive data during a downturn. It references a period of growth and recovery, when plants start to show signs of health and life, and, therefore, has been employed as a metaphor for a recovering economy.
It is my hope that Black Swans / Green Shoots will help readers understand both climate-activated risk and opportunity so that you may invest in, advise, or lead organizations in the context of increasing pressures of global urbanization, resource scarcity, and perils relating to climate change. I believe that the tools of business and finance can help individuals, businesses, and global society make informed choices about who and what to protect, and I hope that this blog provides some insight into the policy and private sector tools used to assess investments in resilient reinforcement, response, or recovery.