Climate risk makes suburbs 'uninsurable'.
Climate risk makes suburbs 'uninsurable'.
www.abc.net.au
This town is a 'canary in the coal mine' as climate change threatens home ownership
cross-posted from: https://slrpnk.net/post/20836481
Mallon warns some Australian neighbourhoods could become what he calls “climate ghettos”.
“There are certain areas where you will start to see a negative spiral,” he says.
One of the major obstacles preventing reform is that no-one is willing to admit there’s a problem, according to Mallon.
Shocked, I'm, shocked... Well, not that shocked.
He says because banks and insurance companies have exposure in these sub-prime climate markets, it’s not in their interests to raise the alarm.
Vote for the same people, get the same outcomes ?
We're on the eve of destruction....