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The Simple Microeconomics of Adapting to Real Estate Damage Caused by Flooding

Environmental and Urban Economics

The New York Times has publishe d a good opinion piece by a Professor of English on the unintended consequences of federal subsidies and regulations for living in flood plains. Instead, I will discuss how flood risk (ex-ante) and flooding affects the real estate market and the distribution of income. Why is that fair?

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How climate change could sink the US real estate market

A Greener Life

Before she bought the house, Greene said, she asked the builder and the real estate agent if the property tended to flood. This is a deep-red county in a Republican state, and the term climate change rarely comes up. In response, real estate developers have been on a building tear.

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Florida is a Climate-Denying Hellscape

Legal Planet

That seems to be the Florida playbook for dealing with the climate crisis facing Floridians in the form of rising sea levels and deadly temperatures. The only thing worse than a wet heat is being governed by climate change deniers in a wet heat. If signed by Gov. In June 2023, Texas Gov. Senate Bill 1624 , by Sen.

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The Supreme Court’s Top-10 Environmental Law Decisions

Legal Planet

Unless the Court moderates its views, future regulations will face tough sledding. And would the limits be set by regulations applying to entire industries, or on a facility-by-facility basis? The case involved EPA’s power to regulate greenhouse gases like carbon dioxide under the Clean Air Act. Train, 420 U.S. Petroleum Inst.,

Law 147
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The Emerging New Economic Geography of the United States

Environmental and Urban Economics

So, this logic says that local quality of life causes economics growth if the geography of the location and the political economy of local land use regulation is such that the place allows new construction to take place. The emerging spatial equilibrium determines how much risk climate change poses to us.

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Why Climate Economics Continues to Succeed

Environmental and Urban Economics

My new book Adapting to Climate Change p rovides a microeconomic account of the underpinnings of the Lucas Critique's causal effects. I agree with him that too few climate economists work on political economy issues. I have published a 2013 paper and a 2015 political economy paper on carbon tax voting.

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Maryland Building Energy Performance Standards Effective January 1

Greenbuilding Law

This post includes preliminary comments on the Maryland Building Energy Performance Standards regulations proposed to be published on December 15, 2023. That the schedule for these regulations, prescribed in statute, has been missed (. That the schedule for these regulations, prescribed in statute, has been missed (.