Why Mispricing the Risks of Sea Level Rise Could Prove Costly – Knowledge@Wharton
Credit: Dhaluza/Wiki Commons.
Article Synopsis – A new study shows that homebuyers in Florida are factoring in the risks of sea level rise, but sellers and federally-backed lenders are less willing to acknowledge the threat. This “suggests that continuing polarization around climate science, and the federal programs that insulate lenders from flood risk, could lead to distorted investment into more risky coastal regions”. To read the actual article click here.