Climate change risk is rising, and yet behavioral economics research argues that we are collectively underinvesting in protecting ourselves. In The Ostrich Paradox: Why We Underprepare for Disasters, Robert Meyer and Howard Kunreuther point to several personal traits that expose us to greater risk from natural disasters.
Conservation professionals have a challenging path ahead, but resilience finance makes it easier. Out of the carnage that Hurricane Andrew caused in 1992, a market for catastrophe (‘cat’) bonds was born.
Hoboken – a densely populated city on one square mile of mostly reclaimed marshland along the Hudson River in New Jersey – was unprepared for a 14-foot surge of water from Hurricane Sandy.
When it comes to building cities to withstand the ravages of age, climate change and a rapidly evolving economy, America’s mayors have probably never felt more alone.
Katrina. Sandy. Matthew. We tend to remember the big-name storms that take over the news cycle for weeks, offering up poignant images of rescued families.
Poverty is expensive—not just for people, but for places, too. While cash-strapped cities face a number of challenges, aging infrastructure is perhaps the costliest.
It’s Infrastructure Week, and everyone is saying that it’s #timetobuild. We agree! The next 5-10 years offer a once-in-a-generation opportunity for hundreds of US cities to upgrade to the smarter, cleaner and greener systems their citizens want and expect.
In a conference room overlooking downtown Miami, British executives are talking about why they know south Florida’s streets so well. It isn’t because of the sunshine. It’s because of the area’s risk for disasters like hurricanes and flooding.
The Field Guide to CSO+ as a resource for use in any CSO community to empower decision makers charged with addressing CSOs alongside other priorities. It was created by re:focus partners and SCAPE as part of the BIG Initiative. The Field Guide includes a discussion aid that city and utility staff can use to strategize [...]
The first three months of the year are usually easy on insurance companies—and the rest of us—simply because it’s not hurricane season, when claims for property and vehicle damage are typically much higher. Not this year, though. US insurers are reporting that extreme and more frequent weather events have made 2017 the most expensive first [...]