This town is a 'canary in the coal mine' as climate change threatens home ownership
www.abc.net.au
New data shows dozens of suburbs around the country are at risk of becoming uninsurable, triggering warnings of a "climate-induced credit crunch".

cross-posted from: https://slrpnk.net/post/20836481

Mallon warns some Australian neighbourhoods could become what he calls “climate ghettos”.

“There are certain areas where you will start to see a negative spiral,” he says.

One of the major obstacles preventing reform is that no-one is willing to admit there’s a problem, according to Mallon.

Shocked, I’m, shocked… Well, not that shocked.

He says because banks and insurance companies have exposure in these sub-prime climate markets, it’s not in their interests to raise the alarm.

Vote for the same people, get the same outcomes ?

We’re on the eve of destruction…