Why Climate Change Will Need to Become a Fundamental Factor in Finance Decisions
“Why will climate change need to become a fundamental factor in finance decisions?”
Whether we like it or not, climate change is here to stay. Its mass disruption will upend all aspects of human economic activity. If financial decisions are not made taking any aspects of this into account, then major backfiring will be expected and losses will ensue. This is Why Climate Change Will Need to Become a Fundamental Factor in Finance Decisions.
Climate Adaptation Budget Prioritization
“How should we prioritize budgets for climate adaptation?”
Climate adaptation is a fascinating world. There seem to be so many projects to do, from wildfire research to flood planning. However, all of these cost time and money, which are not finite resources. Because of this, Climate Adaptation Budget Prioritization needs to take place. This includes activities such as scoping out the needs for the community, evaluating cash on hand, and creating a long-term scenario plan.
Rental Assistance and Climate Resilience
“How can rental assistance be apart of climate resilience?”
When a climate disaster strikes, residents may be unable to work at their normal jobs or leave their living space. This may cause them to lose income, which can land in eviction if they can not pay their rent on time. If rental assistance can be provided, then they can stay in their homes and weather out any difficulties, thereby increasing the region’s adaptive capacity. This is the connection between Rental Assistance and Climate Resilience.
Climate Economic Impacts and Equity
“Why do climate economic impacts have to do with equity?”
Climate change is going to wreak havoc on the world’s economic institutions. The brunt of this will be felt by communities that have been oppressed by preexisting oppressive power structures. If we are to make a truly climate-resilient world, then we will need to discuss the link between Climate Economic Impacts and Equity.
And don’t forget, #BlackLivesMatter
“How can economies recover from a recession using sustainable infrastructure?”
Investment in construction is a time-tested method in helping an economy recover after a recession. It allows for large sums of capital to be focused on projects that generate a large number of jobs and leave lasting benefits. Given the ever-pressing challenge of climate change, a focus on the construction of sustainable infrastructure would have the added benefit of preventing further damage from climate change. This is why a resilience and sustainability-focused Green Recovery would be a logical course of action.
Why Income Will Have a Large Effect on Personal Climate Resilience
“Why will someone’s income level have a large effect on their personal climate resilience?”
Having more income allows people to withstand shocks to their lives more. And with the advent of Climate Change, many more shocks will be coming, whether it be through managed retreats or wildfire disasters. By logical induction, the amount of disposable income that one has will influence what they can do to cope. This is Why Income Will Have a Large Effect on Personal Climate Resilience.
How Disasters Reveal Municipal Financial Weaknesses
“How do disasters reveal financial weaknesses?”
When a disaster strikes, municipalities have to use funds on hand to combat the crisis. Municipalities that are lower in funding will have more visible problems during and after the effects. This is How Disasters Reveal Municipal Financial Weaknesses.
Day-Ahead Energy Markets
“How can energy be purchased a day before it is produced?”
Energy is one of the most important facets of our civilization. So much so that it has to be predicted a day ahead of time to assure system stability. Since energy needs can be predicted a day ahead of time, energy can also be purchased wholesale by market participants a day beforehand. Although energy is purchased, it does not need to be generated in case the predicted need comes out to be lower. These Day-Ahead Energy Markets are used to ensure energy price stability.
Why Offshore Wind in the U.S Might Soon Face Logistic Bottlenecks
“Why is offshore wind in the U.S having logistic problems?”
Offshore wind in the United States is expanding at a rapid pace, particularly in the Northeast. However, since offshore wind turbines tend to extremely large in nature, it takes a large amount of transportation infrastructure such as cranes and heavy trucks for transportation logistics. Due to the limited supply of these components, these projects face the possibility of being stalled. This is Why Offshore Wind in the U.S is Facing Logistic Bottlenecks.