Forecast: Flooding

FOLLOW US SUBSCRIBE   Buying a house on the water? Perhaps you should reconsider. By the time your 30-year mortgage expires, you could be facing between 25 and 135 days of high-tide flooding, depending on where you live. —Josh Petri   "Everyone knows that indeed wind power generation is good, but does anyone remember about birds in this case? How many birds die?"  —Russian President Vladimir Putin, echoing the sentiments of U.S. President Donald Trump concerning wind farms. Wind power developers say the threat to wildlife has been grossly exaggerated.     Top stories The world is spending the least on clean energy in six years, according to a new report by BloombergNEF. A simple climate fix may be hiding in plain sight: some 3.5 million square miles of land capable of supporting new forests and removing 750 billion tons of CO2 from the air. Trump boasted of what he described as U.S. environmental gains despite seeking to roll back rules meant to preserve them. As the effects of the climate crisis become more apparent, his administration's agenda has focused chiefly on rewriting Obama-era rules limiting emissions that accelerate global warming. Senator Bernie Sanders is teaming up with Representative Alexandria Ocasio-Cortez on a resolution calling for "massive" federal government action to reverse climate change. A tropical storm formed in the Gulf of Mexico and could strike Louisiana as a hurricane Saturday, potentially causing $1 billion in damage and worsening flooding in New Orleans.    What we've been reading Major corporations, including Google and Amazon, were sponsors of a recent gala held by a think tank that disputes climate change is a problem. The same companies have publicly made commitments to help combat the crisis. The first round of Democratic presidential debates barely mentioned the defining issue of the 21st century. The DNC has so far declined to host a climate debate, so a group of climate journalists plan to host their own. Let's see who shows up. There has long been a climate debate over whether to deploy existing clean energy technology (such as solar and wind) or invest more in developing new technologies. There may be a simple answer: Do more of both.   You received this message because you are subscribed to the Bloomberg Climate Changed newsletter.     Unsubscribe | Bloomberg.com | Contact Us Bloomberg L.P. 731 Lexington, New York, NY, 10022