Inviting Danger: How Federal Disaster, Insurance and Infrastructure Policies are Magnifying the Harm of Climate Change: Brookings March 24, 2021 US governmental policies remain adversely designed for exposing homes and businesses to the recurring losses caused by flooding and wildfires. Market forces, normally powerful arbiters of risk, are often blunted by the assumption that these losses, if they happen, will be repaid by the government— a phenomenon known as the “FEMA put”. This cycle reinforces the dangers of living and building in harms way.Federal investment for disaster relief focuses overwhelming on recovery and response rather than mitigating future losses, by 7:1.When accounting for the impacts of climate change, federal disaster relief—based on past expenditures—are projected to be short by a factor of 1000 due to the likely damages that will come by the end of the century. - S. Frank, E. Gesick, D. Victor, The Brookings Institution Share: LinkedIn Older Post Regulators to Firms-Own Up To Climate Risks: The Economist Newer Post Drought Amplifies the Need to Address Water Security at Scale: NY Times
