Sea levels are rising, storms are worsening, and flooding is consistently exceeding FEMA's 100-year floodplain maps. Yet, an increasing percentage of new mortgages are used to purchase homes in at-risk areas. And lenders are selling mortgages in areas hit by hurricanes at higher rates to Fannie Mae and Freddie Mac, who are backed by American taxpayers, according to research done by Dr. Amine Ouazad, Professor of Economics at HEC Montreal.
Dr. Amine Ouazad speaks with Climate Now about his research, and how these conditions could spark the next financial crisis.
The US Housing Market's Exposure to Climate Risk with Amine Ouazad
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The US Housing Market's Exposure to Climate Risk with Amine Ouazad
Climate Now
Climate Now produces expert-led conversations that explain underlying issues, unpack the science, and answer questions about climate change and the energy transition in a way that people without advanced degrees can understand. Visit climatenow.com for more information, and thanks for tuning in!
Climate Now produces expert-led conversations that explain underlying issues, unpack the science, and answer questions about climate change and the energy transition in a way that people without advanced degrees can understand. Visit climatenow.com for more information, and thanks for tuning in!Listen on
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The US Housing Market's Exposure to Climate Risk with Amine Ouazad