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Monday, December 19, 2016
How Will Boston Adapt to Climate Change Risk?
The City of Boston has published a forward looking and optimistic vision for how it will invest to protect itself from the emerging challenges of climate change. This doesn't surprise me. Boston is rich and educated and it has strong incentives to adapt (given its coastal location). As I have said since 2010, urbanization will help us to adapt to climate change. Read this six year old document. I'm proud that it was ahead of its time. If Boston fails to defend itself from sea level rise, then home prices will fall sharply. This provides strong incentives for the large numbers of home owners to pursue private strategies to protect their assets and their families and it also provides them with strong incentives to nudge their leaders to pursue collective action strategies that help to defend Boston. Self interest is a powerful force! For those who want to read some technical details here, read this.