Climate migration is already happening
People aren’t just moving due to the pandemic. Here are the main points of this CNBC article:
– For those who are already feeling the direct impact of global warming and can afford to relocate, climate change migration has begun.
– Nearly half of Americans who plan to move in the next year say natural disasters and extreme temperatures factored into their decision to relocate, according to a survey conducted by Redfin.
– One in 5 Americans believe climate change is already negatively impacting home values in their areas, and 35% of homeowners have already spent $5,000 or more protecting their homes against climate risk, according to Redfin.
Meanwhile, per this CNBC article, banks consider climate risk for home loans, a process called ‘underwaterwriting’ or ‘blue-lining’…