Removing development incentives in risky areas reduces climate damages and yields co-benefits

Hannah Druckenmiller (), Yanjun Liao, Sophie Pesek, Margaret Walls and Shan Zhang
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Hannah Druckenmiller: California Institute of Technology
Margaret Walls: Resources for the Future
Shan Zhang: Old Dominion University

Nature Climate Change, 2024, vol. 14, issue 9, 901-902

Abstract: Eliminating government infrastructure spending, public disaster insurance and post-disaster aid in high-risk coastal areas reduces development there and leads to lower flood damages and higher property values on nearby lands. The strategic withdrawal of development incentives could be used more broadly to reduce climate risks.

Date: 2024
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DOI: 10.1038/s41558-024-02083-2

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