That’s the message of two new studies from the World Economic Forum that show that companies that fail to adapt to climate hazards like extreme heat stand to lose up to 7% of earnings each year by 2035. That’s the equivalent of a Covid 19-scale financial hit every two years.show that climate risks are not some distant threat. Since 2000, climate-related disasters have inflicted more than $3.6 trillion in damage—and those risks are accelerating.
Snapping together apartments inside an air-conditioned factory seems more efficient than traditional construction, especially given the broiling heat. The modules will eventually be combined into three- and five-story apartment complexes, mostly in the southwest. The idea is an old-one, and there have been some spectacular failures, including SoftBank-backed Katerra, whichhas invested some $1.2 billion of family money on the effort.
If Trump reverses federal programs for clean energy under the Inflation Reduction Act and Bipartisan Infrastructure Law, does that benefit China? To give you an example, the U.S. has increased policy support for nuclear energy over the last 24 to 36 months. I think that continues and possibly accelerates under a second Trump administration, which could lead to more advanced nuclear investment in the United States, and potentially more geothermal investment in the United States. So the balance on a long-term basis could shift to U.S.-dominated supply chains, but it's a long road ahead given the dominance of China.