This weekend’s flooding in Kentucky is a reminder of nature’s power, and how it can be amplified by climate change. According to climate risk modeling company First Street, climate change could cause a $1.4 trillion loss in property value over the coming decades. Jeremy Porter, First Street’s head of climate implications research, joins to discuss the increased risks.

Climate risk is the potential for problems for societies or ecosystems from the impacts of climate change. The assessment of climate risk is based on formal analysis of the consequences, likelihoods and responses to these impacts. Societal constraints can also shape adaptation options. There are different values and preferences around risk, resulting in differences of risk perception.

Photo by Lerone Pieters on Unsplash.