A First Street analysis of economic trends has found that up to $1.47T in real estate is at risk from climate change over the next 3 decades. Insurance costs are rising faster than mortgage payments in cities from Florida to northern California.

#climatechangecosts

In 2024 there were 27 climate fueled disasters with losses of $1 billion or more. We can no longer afford costly inaction on climate change. #greennewdeal #nomoreoil #climateaction #climatechangecosts

As Erosion and Floods Swallow Buildings, Washington’s Coastal Communities Strain to Adapt | The Daily Yonder This story was produced through a collaboration between Daily Yonder and Climate Central. Climate Central scientists Jennifer Brady and Joseph Giguere

Southwest WA communities such as the Shoalwater Bay Tribe have been forced to relocate, due to stronger coastal storms and erratic rainfall. Access to federal grants is challenging, as relocation projects often face difficult benefit-cost hurdles. #climatechangecosts

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How the Climate Crisis Became an Insurance Crisis Even in formerly low-risk areas, home insurers are raising premiums and ending coverage. The upheaval could push down home values and reverberate through the economy.

Wildfires and flooding have led to higher insurance costs and cancelations for millions of homeowners and businesses. Some states have turned to “Climate Superfund” laws which force fossil fuel companies to provide emergency financial assistance. #climatechangecosts

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How climate risks are driving up insurance premiums around the US – visualized ‘Tight correlation’ between premium rises and counties deemed most at risk from climate crisis, experts say

‘Tight correlation’ between premium rises and counties deemed most at risk from climate crisis, experts say

www.theguardian.com/environment/...

#ClimateChangeCosts #Insurance

After tipping point is crossed, cost of reversing climate change rises out of reach The study reveals that the cost of undoing climate tipping point damage surges dramatically once these thresholds are breached.

Costs of reversing climate change multiply after a tipping point: The study reveals that the cost of undoing climate tipping point damage surges dramatically once these thresholds are breached.

#ClimateTippingPoint #ClimateChangeCosts #EnvironmentalCrisis #GlobalWarming #EarthDotCom #Earth