Wired: Banks Are Finally Realizing What Climate Change Will Do to Housing

Read the full article here: https://www.wired.com/story/banks-are-finally-realizing-what-climate-change-will-do-to-housing/

"The number of homes in what you might call “subprime” locations is rising and, in some parts of the world, property value—like a crumbing coastline—is at risk of erosion. Lenders are getting noticeably more reluctant to lend against these assets. No wonder. In the Asia-Pacific region, nearly one in 10 properties owned by real estate investment trusts could be at “high risk” of climate-change-related damage—particularly those on seafronts, a report from climate risk consultancy XDI announced in May."