As hurricanes intensify, floods grow more frequent, and wildfires ravage entire regions, the financial strategies traditionally employed to cope with climate-related disasters are buckling under pressure. Direct government aid, insurance mechanisms, and debt instruments like bonds, which have historically served as the bulwarks of climate resilience, are proving increasingly inadequate. With each passing storm season, it becomes clear that these tools alone cannot meet the rising financial demands of climate repair. This growing gap has sparked a conversation about the viability of a fourth financial lever: tax-incentives through charitable, tax-deductible donations, which may be the only remaining tool capable of closing the climate resilience funding gap.

Climate change is not only reshaping the physical landscapes of cities but also destabilizing the financial foundations that support them. Municipal bonds, long considered a bedrock of safe investment, are being flooded with a deluge of climate resilience and repair spending bonds. As cities scramble to protect themselves from rising seas, ferocious storms, and relentless wildfires, the scale and urgency of these initiatives are swamping the municipal bond market, revealing the pressing need for private capital to bridge the growing gap between bond issuances and the actual costs of climate adaptation.

Beach renourishment, the process of adding sand to eroding beaches, is a widespread response to the creeping threat of coastal erosion. It is a solution with significant economic, environmental, and social implications, drawing both praise and criticism. As climate change intensifies and sea levels rise, this practice has become increasingly prominent. Evaluating its merits and drawbacks requires a nuanced understanding of its implementation across various locations.

As the impacts of climate change continue to escalate, communities, governments, and organizations around the world are increasingly recognizing the need to build resilience to withstand and adapt to these challenges. A well-crafted climate resilience strategic plan is essential for guiding efforts to enhance resilience and mitigate the risks posed by climate-related hazards. Drawing on examples and resources from published climate resilience plans, here are the top 10 priorities that such a plan should address:

As climate change continues to accelerate homeowners should look beyond just traditional property insurance. Below is a summary list of other types of insurance available. Check with your agent before the next storm hits.

The ‘sustainability’ discussion must evolve to sustainability and resilience - because the climate is not sustaining.

Family conversations about financial planning take on a new urgency in an era of climate crisis. From extreme weather events to shifting market landscapes, the financial impact of climate change will impact all families regardless of socio-economic position. Engaging in open discussions about climate-related financial planning can serve as a vital first step toward resilience.

Two landmark environmental agreements stand out in the fight against global environmental threats: the Montreal Protocol of 1987 and the Paris Accord of 2015. Both agreements aimed to address urgent issues endangering the planet, but their paths to success vary significantly. While the Montreal Protocol successfully eliminated ozone-depleting substances (ODS), the Paris Accord faces a more complex challenge in curbing carbon emissions. This post explores the distinctive factors behind the success of the Montreal Protocol and why replicating its triumphs for carbon reduction proves elusive.

Severe weather events can have a significant impact on property values, affecting both short-term market dynamics and long-term property appreciation. The specific effects can vary based on the type and severity of the weather event, as well as the preparedness and resilience of the local community. Here are several ways severe weather can influence home property values:

Building financial resilience to climate change and severe weather events is crucial in the face of an increasingly unpredictable climate. Here are ten strategies to help individuals and communities prepare for and navigate the financial challenges posed by climate-related risks:

The United States now faces the task of fortifying its infrastructure and communities against the escalating costs of extreme weather events driven by climate change. While much focus has been on Carbon Offsets, ‘Net-zero' goals, and other strategies to reduce CO2 levels, the immediate financial reality is undeniable, even among climate deniers.

The insurance industry is at a crossroads. With weather-related risk worsening due to climate change and insurers unsure about how to adapt — resulting in limited coverage or carriers pulling out of states altogether — now is the time for innovation.