Climate Change Puts Buildings, Coastlines, The North At Most Risk: Report Extreme wea

[Taiga]

https://www.cbc.ca/news/business/climate-change-moody-s-1.5199652

This report is terrible news for liberals because it concludes the ‘West’ will benefit from ‘Climate Change (TM)’. That really drives liberals nuts, they will only be happy when we have redistributed the wealth to the developing countries to surpass us.

[15444]

So who will the flat earthers vote for? Can't vote for Scheer other wise you are supporting action on climate change!

Vote for Scheer as I fully expect him to be a good Conservative and pay lip service to the leftist garbage to get their votes, then do exact opposite. Just like Doug Ford did with the moderates in Ontario telling them no teacher would be fired, hahaha. 20 full time teachers and 18 support staff getting pink slips locally. Just like climate change, moderates and leftists fall for anything if it's repeated enough times.

[furrowtickler]

Climate Change Puts Buildings, Coastlines, The North At Most Risk: Report
Extreme weather can cause infrastructure and power systems to fail.

https://www.huffingtonpost.ca/entry/top-climate-change-risks-canada_ca_5d1ddee0e4b04c48140fad8f?utm_hp_ref=ca-homepage

https://cca-reports.ca/reports/prioritizing-climate-change-risks/

Let me know when coastal properties in the US and Canada Lise their value , even a bit ... then will see if anyone is worried.

[dmlfarmer]

Let me know when coastal properties in the US and Canada Lise their value , even a bit ... then will see if anyone is worried.

Okay:
"Coastal homes have lost $15.8 billion in property value during the past dozen years, according to new research that analyzes the effects of tidal flooding caused by sea level rise in every U.S. coastal state from Maine to Mississippi." article and link to study here:
https://electrek.co/2019/02/28/coastal-homes-rising-seas/ https://electrek.co/2019/02/28/coastal-homes-rising-seas/

"In another recent study , researchers at the University of Colorado Boulder's School of Business found coastal properties most exposed to sea level rise sold, on average, for 7 percent less than equivalent properties the same distance from shore but not as threatened by the sea." https://www.wbur.org/bostonomix/2019/05/14/climate-change-real-estate-value-salisbury https://www.wbur.org/bostonomix/2019/05/14/climate-change-real-estate-value-salisbury

"Rising sea levels have forced homebuyers to change the way they value waterfront property. Indeed, a county-by-county study conducted by Attom Data Solutions showed that, over the past five years, home sales in flood-prone areas grew by about 25 percent less quickly than in counties that do not typically flood" https://www.architecturaldigest.com/story/how-climate-change-affects-your-home-value https://www.architecturaldigest.com/story/how-climate-change-affects-your-home-value

From 2009: "Insurers have already begun cancelling homeowners’ policies in high-risk areas and raising insurance costs in potentially impacted locations. In Florida, Allstate dropped 320,000 policies between 2004 and 2007, and is no longer writing any new policies in that state. Allstate also no longer covers as many as 40,000 coastal homeowners in New York." https://stanfordmag.org/contents/how-climate-change-will-affect-home-value-essential-answer https://stanfordmag.org/contents/how-climate-change-will-affect-home-value-essential-answer If insurance costs have increased, or if you simply cannot buy flood insurance anymore is a real cost and it has been seen all along east cost of US

"Some 820,000 homes across the U.S. are priced at a "discount" due to coastal flooding." https://www.huffingtonpost.ca/2018/08/25/climate-change-home-values_a_23509303/ https://www.huffingtonpost.ca/2018/08/25/climate-change-home-values_a_23509303/

“By comparing properties that are virtually the same but for their exposure to the seas, researchers at the University of Colorado at Boulder and Pennsylvania State University found that vulnerable homes sold for 6.6 percent less than unexposed homes. The most vulnerable properties — those that stand to be flooded after seas rise by just one foot *— were selling at a 14.7 percent discount, according to the study.” https://www.allpropertymanagement.com/blog/post/what-climate-change-means-for-coastal-real-estate-values/ https://www.allpropertymanagement.com/blog/post/what-climate-change-means-for-coastal-real-estate-values/

[shtferbrains]

Moodys economic rating service says we in Canada
will benefit from climate change.

Most of the hurt will come from lower oil prices if cut back happens as predicted.

https://www.cbc.ca/news/business/climate-change-moody-s-1.5199652

CBC says so.

Expect that link to disappear.

Sorry, didn't see the link above.

[macdon02]

Okay:
"Coastal homes have lost $15.8 billion in property value during the past dozen years, according to new research that analyzes the effects of tidal flooding caused by sea level rise in every U.S. coastal state from Maine to Mississippi." article and link to study here:
https://electrek.co/2019/02/28/coastal-homes-rising-seas/ https://electrek.co/2019/02/28/coastal-homes-rising-seas/

"In another recent study , researchers at the University of Colorado Boulder's School of Business found coastal properties most exposed to sea level rise sold, on average, for 7 percent less than equivalent properties the same distance from shore but not as threatened by the sea." https://www.wbur.org/bostonomix/2019/05/14/climate-change-real-estate-value-salisbury https://www.wbur.org/bostonomix/2019/05/14/climate-change-real-estate-value-salisbury

"Rising sea levels have forced homebuyers to change the way they value waterfront property. Indeed, a county-by-county study conducted by Attom Data Solutions showed that, over the past five years, home sales in flood-prone areas grew by about 25 percent less quickly than in counties that do not typically flood" https://www.architecturaldigest.com/story/how-climate-change-affects-your-home-value https://www.architecturaldigest.com/story/how-climate-change-affects-your-home-value

From 2009: "Insurers have already begun cancelling homeowners’ policies in high-risk areas and raising insurance costs in potentially impacted locations. In Florida, Allstate dropped 320,000 policies between 2004 and 2007, and is no longer writing any new policies in that state. Allstate also no longer covers as many as 40,000 coastal homeowners in New York." https://stanfordmag.org/contents/how-climate-change-will-affect-home-value-essential-answer https://stanfordmag.org/contents/how-climate-change-will-affect-home-value-essential-answer If insurance costs have increased, or if you simply cannot buy flood insurance anymore is a real cost and it has been seen all along east cost of US

"Some 820,000 homes across the U.S. are priced at a "discount" due to coastal flooding." https://www.huffingtonpost.ca/2018/08/25/climate-change-home-values_a_23509303/ https://www.huffingtonpost.ca/2018/08/25/climate-change-home-values_a_23509303/

“By comparing properties that are virtually the same but for their exposure to the seas, researchers at the University of Colorado at Boulder and Pennsylvania State University found that vulnerable homes sold for 6.6 percent less than unexposed homes. The most vulnerable properties — those that stand to be flooded after seas rise by just one foot *— were selling at a 14.7 percent discount, according to the study.” https://www.allpropertymanagement.com/blog/post/what-climate-change-means-for-coastal-real-estate-values/ https://www.allpropertymanagement.com/blog/post/what-climate-change-means-for-coastal-real-estate-values/

Democrats live by water, maybe they are not optimistic about the future?

[dmlfarmer]

I will ask again
So chuck are real estate prices collapsing in costal regions?

That's how you have a credible debate Chucky! Instead you just insult us.

So I answered your question will a number of credible studies and actual data. Not models or forecasts. I hope your rebuttal/debate is fact based and not insulting like you accuse chuck of doing. Oh and seldomseen, are you going to call out macdon for his response for his response that added nothing to the debate like you did to chuck? Just wondering.

[chuckChuck]

Great to see that some of you agree with Moody's assessment that climate change will have a significant cost for the majority of the worlds population. Its no surprise that wealthy countries that have the resources to mitigate climate change and adopt a low carbon economy will come out on top.


https://www.cbc.ca/news/business/climate-change-moody-s-1.5199652

The IPCC report concluded that the economic impact of a two-degree rise in global temperature could be as much as $69 trillion US, and even limiting the rise to 1.5 degrees would come with a $54-trillion price tag.

The Moody's report took a deeper dive into those scenarios, and tried to break down how different parts of the planet would see their economies impacted by a hotter climate. Broadly, the Moody's report breaks the impact of a hotter planet into six areas:

Rising sea levels.
Human health effects.
Heat effect on labour productivity.
Impact on crop yields and agriculture.
Tourism.
Energy demand.

By Moody's own admission, the report doesn't calculate a number of climate change impacts that are likely to affect the economy, including the increased likelihood of expensive natural disasters. The costs of those storms are already enormous, and growing quickly.

As Moody's notes, "every dollar that federal lawmakers appropriate for disaster relief is a dollar that could have otherwise been spent on [programs] or rebated as a tax cut. Natural disasters drain the federal government of resources and exacerbate the nation's fiscal situation."

Nor does Moody's tabulate the economic impact of geopolitical risk from things like climate refugees.

"Slower economic growth in the most affected countries could prompt residents of those countries to relocate," Moody's said. "If the degree of emigration is large enough, it could put strain on certain countries that are receiving the immigrants," Moody's said, noting how immigration has already become a thorny political issue in the U.S."

[seldomseen]

So I answered your question will a number of credible studies and actual data. Not models or forecasts. I hope your rebuttal/debate is fact based and not insulting like you accuse chuck of doing. Oh and seldomseen, are you going to call out macdon for his response for his response that added nothing to the debate like you did to chuck? Just wondering.

I just asked a question that I did not know the answer to to Chuckles because he seems like an expert in these matters and he comes back and calls us Flat Earthers!
You DML came in with your post after.

[jazz]

Maybe dml should take a trip to florida or the netherlands. Dont seem to worried about climate change there and thats the one state that could flood. Netherlands build dykes to keep the ocean outm then farm the interior and put solar panels and windmills in there. Dont seem too worried. Truth is the sea levels are rising by mere mm per yr and only areas already with people living at sea level (and shouldnt be) are at risk. So move a few miles inland if you are so worried.