'Denier' neighborhoods vs. 'Believer' neighborhoods
A new study from researchers at the University of British Columbia’s Sauder School of Business in Canada examined the role climate change denial plays in the pricing of these homes.
Having a higher concentration of people who deny climate change will cause home prices to be higher in at-risk areas, the study found. Homes that are projected to be underwater due to climate change sold for 7% more in “denier” neighborhoods as compared with “believer” neighborhoods. Denier neighborhoods are those in which the share of people who believed in climate change was below the national median, using the data from the Yale Program on Climate Change Communication, whereas people in believer neighborhoods were more likely to think that global warming is happening.
“If everyone were to say, ‘I’m not buying beachfront property here because it’s going to get flooded,’ then prices would collapse,” UBC Sauder School of Business assistant professor and study co-author Markus Baldauf said. “But if you don’t believe in climate change, you might say, ‘You guys are crazy. Climate change isn’t a real thing, so I see a buying opportunity.’”
Climate TRACE utilizes satellite data, machine learning and artificial intelligence to determine greenhouse gas emissions globally. It aims usher in an era of "radical transparency" and a more enforceable climate agreement by giving nonprofits, governments and the UN actionable intelligence to track and crack down on polluters.
East Antarctica, which covers two thirds of the South Pole, has cooled a whopping 2.8°C over the past 4 decades; West Antarctica approximately 1.6″C. ..only tiny Antarctic Peninsula saw statistically insignificant warming.
Last week, media outlets across the globe claimed that there has been rain for the first time at the Greenland summit. “Rain fell at the normally snowy summit of Greenland for the first time on record,” read CNN’s headlines. Others went a step further and declared it a sign of climate doomsday. “Rain On Greenland Ice Sheet, Possibly A First, Signals Climate Change Risk,” read another headline. Unfortunately, for the mainstream media, climate history nearly always comes back to haunt their claims of unprecedented events. Records reveal that this is not the first rainfall in Greenland, and certainly not the first on the Greenland summit peak, which stands at around 10,000 feet.