2min snip

The Daily cover image

Should The Government Pay for Your Bad Climate Decisions?

The Daily

NOTE

The difficulty of "pricing in" the risk (and cost) of climate change

Republican-controlled communities and states skeptical of climate change may be less likely to receive federal spending due to the conditions attached to it, which may punish them under this system. However, communities that strongly believe in the science of climate change tend to be better at adaptation and take less risk. On the other hand, both Republicans and Democrats resist the government telling them how to live, which poses a challenge for any climate adaptation strategy. Political implications are more nuanced and complicated than they may seem. For example, in Oregon, a fairly liberal state, people strongly believe in climate change, yet they objected to a map showing fire risk as it would increase insurance costs and decrease property values. This illustrates the difficulty in getting people to adapt to the risks of a changing climate, as they want to maintain their homes and resist being told that their current world is becoming more expensive or less valuable.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode