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What to Expect From Glasgow Climate Summit

What to Expect From Glasgow Climate Summit

by The Associated Press | Nov 1, 2021 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

The conference that has been billed as the last chance to prevent catastrophic global warming kicked off today with dark prophesies from world leaders.

FSOC Endorses Efforts to Address Climate Risks

FSOC Endorses Efforts to Address Climate Risks

by The Associated Press | Oct 22, 2021 | Banking & Lending, CR Daily, Industry News

U.S. financial regulators on Thursday approved a series of steps toward addressing the dangers that climate change poses to the nation’s financial system.

Administration Outlines Options to Control Climate Risk in Mortgages, Banking

Administration Outlines Options to Control Climate Risk in Mortgages, Banking

by The Associated Press | Oct 15, 2021 | Banking & Lending, CR Daily, Industry News

The report lays out steps that could potentially alter the mortgage process, stock market disclosures, retirement plans, federal procurement and government budgeting.

Fed Sees Climate Scenario Analysis As Key Tool for Banks

Fed Sees Climate Scenario Analysis As Key Tool for Banks

by Diane McLaughlin | Oct 8, 2021 | Banking & Lending, CR Daily, Executive Briefing

The Federal Reserve is working on developing a model to help financial institutions and regulators analyze the effects climate change could have on the industry and the economy.

Administration Outlines Options to Control Climate Risk in Mortgages, Banking

Manchin Won’t Support $3.5T Infrastructure Deal

by The Associated Press | Sep 13, 2021 | Commercial & Industrial, CR Daily, Industry News

As congressional Democrats speed ahead this week in pursuit of President Joe Biden’s $3.5 trillion plan for social and environmental spending, including climate change mitigation and adaptation money, a Democratic senator vital to the bill’s fate says the cost will need to be slashed to $1 trillion to $1.5 trillion to win his support.

Administration Outlines Options to Control Climate Risk in Mortgages, Banking

‘Nowhere to Run’: UN Report Says Global Warming Nears ‘Painful’ Threshold

by The Associated Press | Aug 9, 2021 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

Earth is getting so hot that temperatures in about a decade will probably blow past a level of warming that world leaders have sought to prevent, according to a report released Monday that the United Nations called a “code red for humanity.”

Construction Group Launches Climate Initiative

Construction Group Launches Climate Initiative

by The Commercial Record | Aug 4, 2021 | Commercial & Industrial, CR Daily, Industry News

Construction industry trade group leaders outlined a series of steps public officials and the construction industry should take to address the impacts of the built environment on climate change Tuesday.

Administration Outlines Options to Control Climate Risk in Mortgages, Banking

NOAA: Rising Seas to Make ‘Sunny Day’ Flooding More Common

by The Commercial Record | Jul 26, 2021 | Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

This month’s heavy rains follow a year in which coastal communities in the United States experienced record high-tide flooding, a trend that federal ocean researchers say is expected to continue into the future “without improved flood defenses.”

CT Positioned for Federal Coastal Flood Funds

CT Positioned for Federal Coastal Flood Funds

by The Associated Press | Jul 7, 2021 | Commercial & Industrial, CR Daily, Industry News

The state’s newest climate change legislation should put Connecticut in a good position to receive millions of dollars in anticipated federal funds to help foot the bill for expensive resiliency projects needed across the state.

CT Ranks High in Real Estate Storm Resiliency

CT Ranks High in Real Estate Storm Resiliency

by The Commercial Record | Jun 2, 2021 | Banking & Lending, CR Daily, Industry News, Residential Real Estate

Connecticut’s building codes earned high marks for keeping its buildings resilient against storms in a new report from the Insurance Institute for Business & Home Safety.

1 in 5 Think Climate Change Hurts Their Home’s Value

1 in 5 Think Climate Change Hurts Their Home’s Value

by The Commercial Record | Apr 16, 2021 | CR Daily, Industry News, Residential Real Estate

A new report from Redfin finds that 21 percent of the of 2,000 Americans the company surveyed believe the increasing frequency or intensity of natural disasters, extreme temperatures and/or rising sea levels are hurting home values in their area.

Powell Defends Fed’s Consideration of Climate Change Risk

Powell Defends Fed’s Consideration of Climate Change Risk

by The Associated Press | Apr 15, 2021 | Banking & Lending, CR Daily, Industry News

Federal Reserve Chair Jerome Powell on Wednesday defended the Fed’s increasing scrutiny of the threat that climate change could pose to the health of the nation’s banks.

What to Expect From Glasgow Climate Summit

Big Biz Urge Biden to Make Big Emissions Cut by 2030

by The Associated Press | Apr 13, 2021 | Commercial & Industrial, CR Daily, Industry News

More than 300 businesses and investors, including such giants as Apple, Google, Microsoft and Coca-Cola, are calling on the Biden administration to set an ambitious climate change goal

New Haven Leaders Eye Citywide Rezoning

New Haven Leaders Eye Citywide Rezoning

by The Commercial Record | Apr 6, 2021 | Commercial & Industrial, CR Daily, Industry News

New Haven leaders are eying a zoning overhaul to help the city make sure it’s ready for climate change, and to help channel future development in an equitable way.

1 in 5 Think Climate Change Hurts Their Home’s Value

Fed Creates Committee to Look at Climate Risks to Finance

by Diane McLaughlin | Mar 24, 2021 | Banking & Lending, CR Daily, Executive Briefing

With climate change projected to affect both the U.S. and global economies, the Federal Reserve Board will establish a new committee to look at the impact climate change could have on the broader financial system.

1 in 5 Think Climate Change Hurts Their Home’s Value

Redfin Joins Realtor.com in Reporting Homes’ Flood Risk

by The Commercial Record | Feb 19, 2021 | CR Daily, Industry News, Residential Real Estate

Realtor.com is now no longer the only place to look up a home listing’s flood risk as awareness of climate change-caused flooding continues to increase.

The All-Electric House Makes a Comeback

by Lew Sichelman | Feb 11, 2021 | Industry News, Opinion, Residential Real Estate

The reason? Climate change: The heating and cooling of buildings accounts for roughly 10 percent of the country’s greenhouse gas emissions.

Fighting Climate Change in America Means Changes to America

Fighting Climate Change in America Means Changes to America

by The Associated Press | Feb 2, 2021 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News, Residential Real Estate

President Joe Biden has initiated a flurry of executive actions to make sure the country can get to net zero carbon emissions by 2050, but many steps still remain.

Fed Sees Risks to Financial Stability from Climate Change

Fed Sees Risks to Financial Stability from Climate Change

by Diane McLaughlin | Nov 10, 2020 | Banking & Lending, CR Daily, Executive Briefing

The Federal Reserve has added a discussion about climate change to its Financial Stability Report for the first time, noting vulnerabilities the financial system could face in the years ahead.

1 in 5 Think Climate Change Hurts Their Home’s Value

ULI: CRE Investors Increasingly Influenced by Climate Risk

by The Commercial Record | Oct 16, 2020 | Commercial & Industrial, CR Daily, Industry News

A new report from the Urban Land Institute and real estate investment firm Heitman has found that risks generated by climate change are increasingly becoming a factor in real estate investors’ decision-making.

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