The Climate Real Estate Bubble: Is the U.S. on the Verge of Another Financial Crisis?
Publish Date: 4/19/2021
News Source: Time
“The degree of capital reallocation and the speed of that is going to be larger and happen more quickly than most market participants expect,” Brian Deese, President Biden’s chief economic adviser and former head of sustainable investing at BlackRock. “When you talk about physical risk, usually the conversation immediately pivots to sort of far-off, long-term risks… Those risks, while they do accelerate out into the future, are more pressing on the market today than most market participants understand.”
