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Adaptive Infrastructure and Economic Resilience
The increasing risk posed to global real estate due to climate change-induced disasters like wildfires, bushfires, storms, and flooding is leading to a transformation in how land and real estate are perceived. This shift towards uninsurable real estate highlights a disaster capitalism scenario. Communities engaged in informal economies are developing internal economies that enhance resilience and adaptability in the face of supply chain disruptions, pandemics, and other catastrophes. This adaptive infrastructure is seen as crucial for navigating the impending impacts of climate change and biodiversity loss over the next decade, gradually changing the existing power structures and financial systems, rather than through a revolutionary overthrow.