Unpriced climate risk and the potential consequences of overvaluation in US housing markets

Nature Climate Change, Journal Year: 2023, Volume and Issue: 13(3), P. 250 - 257

Published: Feb. 16, 2023

Abstract Climate change impacts threaten the stability of US housing market. In response to growing concerns that increasing costs flooding are not fully captured in property values, we quantify magnitude unpriced flood risk market by comparing empirical and economically efficient prices for properties at risk. We find residential exposed overvalued US$121–US$237 billion, depending on discount rate. general, highly concentrated counties along coast with no disclosure laws where there is less concern about climate change. Low-income households greater losing home equity from price deflation, municipalities heavily reliant taxes revenue vulnerable budgetary shortfalls. The consequences these financial risks will depend policy choices influence who bears

Language: Английский

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Large and inequitable flood risks in Los Angeles, California

Nature Sustainability, Journal Year: 2022, Volume and Issue: 6(1), P. 47 - 57

Published: Oct. 31, 2022

Language: Английский

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Spatial characteristics and driving factors of urban flooding in Chinese megacities

Journal of Hydrology, Journal Year: 2022, Volume and Issue: 613, P. 128464 - 128464

Published: Sept. 21, 2022

Language: Английский

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Fossil fuel racism in the United States: How phasing out coal, oil, and gas can protect communities

Energy Research & Social Science, Journal Year: 2023, Volume and Issue: 100, P. 103104 - 103104

Published: May 11, 2023

Fossil fuels — coal, oil, and gas lie at the heart of interconnected crises we face, including climate change, racial injustice, public health. Each stage fossil fuel life cycle extraction, processing, transport, combustion generates toxic air water pollution, as well greenhouse (GHGs) emissions that drive global crisis. Addressing harmful effects energy decisions, unequal risk distribution across various governance levels, supply chains, political jurisdictions, is a complex task for policymakers society. A deeper understanding how harms are embodied within cycles needed. This paper provides narrative review recent studies United States (U.S.) document both health disproportionate impacts along cycle. In U.S. hazards from risks associated with fall disproportionately on Black, Brown, Indigenous, poor communities. "Sacrifice zones" systemic racism deeply intertwined fossil-fuel based economy. We argue subsidizes industry by enabling it to externalize costs pollution environmental degradation onto communities color. position "fossil racism" subset this framing useful because shifts analytical focus systems structures which actively protecting promoting continued production fuels. discuss implications body research policy, outline poorly designed "carbon-centric" policies—which narrowly GHGs reduction—could fail alleviate racialized disparities or potentially worsen some emphasize need move beyond carbon-centric approaches solutions more integrative policy design can improve health, tackle crisis, rectify our legacy racism. Specifically call managed phase out enactment wider programs social, economic, democratic reforms via Green New Deal. Adequately addressing crisis require disrupt power actions their state allies.

Language: Английский

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Integrating urban water fluxes and moving beyond impervious surface cover: A review

Journal of Hydrology, Journal Year: 2023, Volume and Issue: 618, P. 129188 - 129188

Published: Jan. 31, 2023

Language: Английский

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High urban flood risk and no shelter access disproportionally impacts vulnerable communities in the USA

Communications Earth & Environment, Journal Year: 2024, Volume and Issue: 5(1)

Published: Jan. 2, 2024

Abstract Vulnerable communities are disproportionately placed in low-lying, flood-prone neighborhoods, with deficient infrastructure and limited access to shelter. Here we present a methodology study the risk of urban floods tandem shelter reduce flooding prevent natural hazard from turning into human disaster. We integrate national emergency shelters index for riverine eight U.S. cities at block group level using clustering techniques. The results show more accessible inner-city residents regardless level, high flood low home underserved populations Asians elderly. outcomes delineate disparity equity related support plans policy needs by identifying prioritizing areas improve responses resource allocations.

Language: Английский

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Multifaceted changes in water availability with a warmer climate

npj Climate and Atmospheric Science, Journal Year: 2025, Volume and Issue: 8(1)

Published: Jan. 24, 2025

Language: Английский

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The role of climate and population change in global flood exposure and vulnerability

Nature Communications, Journal Year: 2025, Volume and Issue: 16(1)

Published: Feb. 3, 2025

Language: Английский

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Evaluating the influence of human activities on flood severity and its spatial heterogeneity across the Pearl River Delta

The Science of The Total Environment, Journal Year: 2025, Volume and Issue: 960, P. 178393 - 178393

Published: Jan. 1, 2025

Language: Английский

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Thermodynamic driving mechanisms for the formation of global precipitation extremes and ecohydrological effects

Science China Earth Sciences, Journal Year: 2022, Volume and Issue: 66(1), P. 92 - 110

Published: Nov. 15, 2022

Language: Английский

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