Chicago Is Spending $3.8 Billion to Fight Flooding. It Might Not Be Enough.
September 2nd, 2023
The Wall Street Journal describes Chicago’s $3.8 billion flood control plan as being both ambitious and inadequate, an inadequacy arising from the assumption that future rain events will be like past ones. But, at least, Chicago is attempting to tackle a problem that exists all over America. A better solution than investing in more storm […]
Read more »China’s ‘Sponge Cities’ Aim To Re-Use 70% of Rainwater
August 15th, 2023
Via The Conversation, an article on Chinese ‘sponge cities’: Asian cities are struggling to accommodate rapid urban migration, and development is encroaching on flood-prone areas. Recent flooding in Mumbai was blamed in part on unregulated developmentof wetlands, while hastily built urban areas are being affected by flooding across India, Nepal, and Bangladesh. This is not a trend only in developing […]
Read more »Stormwater Reform Won’t Be Enough – We Need ‘Sponge Cities’ To Avoid Future Disasters
August 15th, 2023
Via The Conversation, a look at how – during the 2023 Auckland floods – people recognized that even stormwater reform won’t be enough and there is a need for ‘sponge cities’ to avoid future disasters: We’ve built our cities to be vulnerable to – and exacerbate – major weather events such as the one we […]
Read more »RainReady: Helping Communities Find Solutions to The Problem of Urban Flooding
August 12th, 2023
The RainReady program in Chicago aims to enlist residents in creating green infrastructure like permeable pavement and rain gardens that can reduce flooding in hard-hit neighborhoods, including by revamping vacant lots. The RainReady program has two facets that are inadequate in many other local-level flood mitigation efforts: community leadership and serious funding.
Read more »A Tree Grows in Birmingham
August 12th, 2023
Via Inside Climate News, a report on how one Southern community aims to plant its way into the Alabama shade: Sometimes Thomasine Jackson can’t get to work. Jackson, 65, said if there’s been a hard rain, water covers her entire street, leaving her no choice but to call her supervisor at Drummond Coal and tell […]
Read more »China: An Adaptation Advantage?
August 10th, 2023
Courtesy of The Wire China, a look at China’s efforts to mobilize to adapt and thrive in a rapidly warming world. If it succeeds, the geopolitical consequences will be profound. Is America ready? On an August day last year, Xi Jinping visited Saihanba National Forest Park to inspect the trees and flowers. Spanning nearly 200,000 acres northwest of […]
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.