Can we prepare for climate impacts without creating financial chaos?

new jersey environment news, stock market

GEOFF DEMBICKI / ENSIA – There is a perverse and hidden danger from climate change that few people, even those who unquestionably accept the science, know how to deal with. Someday, likely sooner than we think, the destruction that warmer global temperatures are inflicting — through record floods, wildfires, droughts and hurricanes — could physically overwhelm our ability to maintain many communities in their existing form.

But by talking openly about this, and taking the necessary steps to address it, communities open the door to another danger. If markets suddenly value the risk of climate change properly, it could lead to a mass withdrawal of investment that kills real estate values, dries up tax revenue and leads to a wider financial crisis …

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