Financial losses from climate hazards are piling up. CEOs and major investors are sounding off in public on the perils of physical risks. But the market for adaptation solutions is yet to take off.
Why?
In this episode, Danya Liu — Climate Adaptation Specialist at BloombergNEF — shares her latest research on what’s driving take-up of adaptation solutions, and why higher losses from climate risks won’t power this market alone.
The findings make the convincing, if uncomfortable, case that adaptation may not be the unavoidable opportunity some believe it to be — at least not without supportive policy and broad-based economic growth.
Danya also shares another study from earlier this year on the fragility of US housing markets and state and local finances amidst elevated extreme weather events, and why the erosion of the property tax base in parts of the country could lead to daunting economic consequences.
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Thanks for listening!
Louie Woodall
Editor
