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Add âClimate Hazardsâ to Your Home-Buyerâs Checklist
Maps and other data are now available to help buyers analyze the risks of fires, floods and other disasters when searching for a new house.
Credit.Stuart Bradford
June 1, 2021, 6:00 a.m. ET
As global temperatures increase and sea levels rise, home shoppers are looking at more than just location, price and the number of bedrooms when exploring properties. They are also wondering about the risk of natural disaster, and what that risk might mean for a homeâs value over time.
Itâs a question thatâs long been considered by commercial real estate investors, who have tapped into the growing field of climate analytics via companies like Four Twenty Seven and Jupiter Intelligence to get projections on weather-related hazards. But individual home buyers have traditionally not had access to the same data.
4 Min Read
WASHINGTON (Thomson Reuters Foundation) - Cities across the globe pledged on Monday to use their post-pandemic recovery plans to bolster ways to adapt to the growing risks posed by climate change.
The 1000 Cities Adapt Now initiative, launched by several non-governmental organizations and a U.N. agency, will initially start operating in 100 urban areas but eventually expand to 1,000, organizers said at the opening of the two-day virtual Climate Adaptation Summit.
The project was developed amid concern that adaptation had received relatively weaker attention in the international climate discussion, and it will now use the issue to drive an inclusive and resilient post-pandemic recovery, according to a joint statement on the initiative.