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Realtors, Insurers Lament Climate, Clean Energy Inaction (1)

May 17, 2022, 2:30 PMUpdated: May 17, 2022, 4:41 PM

Federal inaction to combat climate change and accelerate clean energy deployment is worrying the real estate, insurance, and clean energy sector amid soaring costs of severe storms and other climate impacts in the U.S. that reached nearly $150 billion last year.

All signs point to rising costs of climate inaction, according to National Oceanic and Atmospheric Administration data that shows surges in Western wildfires, severe storms and hurricanes, and inland flooding. Three states have been most affected since 1980 and are the only to face costs totaling more than $200 billion over the last four decades: Texas ($349 billion), Louisiana ...