Global ‘Climate Gentrification’ Pushes Poor People into Unsafe Areas – The Energy Mix: This new pattern of climate gentrification
could reshape low-risk areas as havens for the wealthy, while people
with fewer resources are forced to live in unsafe environments. Research
indicates that the regions hardest hit by climate change could include
Canada’s Arctic, which is forecast to experience longer fire seasons,
and coastal areas, which will likely see “severe flooding throughout the
rest of the century,” CBC reports.

In a further complication, people who can only afford to live in
higher-risk areas will likely be left paying disproportionately high
premiums for their homes as insurance companies look to recoup their own
losses from climate impacts. Bloomberg Green reports
that climate change is “exacerbating extreme and freak weather events
so rapidly that even the insurance industry is struggling to keep up.”

Global ‘Climate Gentrification’ Pushes Poor People into Unsafe Areas – The Energy Mix: This new pattern of climate gentrification
could reshape low-risk areas as havens for the wealthy, while people
with fewer resources are forced to live in unsafe environments. Research
indicates that the regions hardest hit by climate change could include
Canada’s Arctic, which is forecast to experience longer fire seasons,
and coastal areas, which will likely see “severe flooding throughout the
rest of the century,” CBC reports. In a further complication, people who can only afford to live in
higher-risk areas will likely be left paying disproportionately high
premiums for their homes as insurance companies look to recoup their own
losses from climate impacts. Bloomberg Green reports
that climate change is “exacerbating extreme and freak weather events
so rapidly that even the insurance industry is struggling to keep up.”Read More