This week’s Current Climate, which every Saturday brings you a balanced view of sustainability news.
also found that the sea level rise risk isn’t affecting prices for waterfront properties, at least for now. Yet the threat is very real. Is the market being too complacent, or is awareness lacking?
Historically, we have found that there is a lack of awareness and lack of pricing or incomplete pricing. But I think that might change as we have growing awareness of flood risk and how that's going to change in the future.In the U.S., in the U.K. and in a number of other countries, we’ve seen government programs that purchase homes at some amount of compensation to their owners in order to restore that land to open space.
It seems like the public will have to bear a lot of the costs. Is the private sector involved at all?
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