A new ratings industry is emerging to help homebuyers assess climate risks
Matthew E. Kahn studies environmental economics, and in his recent book, “Adapting to Climate Change: Markets and the Management of an Uncertain Future”, he explores how the rise of Big Data will help people, firms and local governments make better decisions in the face of climate risks. He sees the emergence of a climate risk analysis industry for real estate as a promising development, but believe the federal government should set standards to ensure that it provides reliable, accurate information.