Political Climate Change

2nd of 5 parts on climate change and real estate

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the Hurricane

With regard to Hurricane Sandy, the public had its choice between Republican doctrines espoused by candidate Mitt Romney (climate change should not be

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taken too seriously, and the government’s role in addressing it should be minimized) versus quite contrary views evinced by Chris Christie. Overwhelmingly, the public favored Christie’s approach. For all politicians there is an important message here, and that message extends to the business community. You can’t simply blow off a hurricane.

Politics Versus Science

Notwithstanding Republican doctrine to the contrary, climate scientists, are quite certain that human activity is causing global warming. Ninety-five (95%) percent of them concur, including UC Berkeley physicist and MacArthur Fellow, Richard Muller, an avowedly skeptical researcher funded by the Koch brothers in hopes that he would contradict the consensus. No such luck.

And not only are Republican views refuted by science, what’s worse in a political sense, they are also increasingly unpopular. After Sandy, Rasmussen found by a 38 point margin (68‑30) that American voters believe climate change is a problem. And Quinnipiac reported (Nov 20, ’12) that 78% of New Yorkers believe, “we are experiencing large storms … more frequently as a result of climate change.” Among Republicans, however, only 44% agreed, and only 31% felt that human beings play a role.

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THOSE KEEPING SCORE AT HOME

General Opinion 78 Republicans 44

Climatologists 95 Republicans 31

The guys in the green jerseys are in the LEED. That’s exactly where real estate must go in order to stay in the game. The future is with environmental regulation.

Part 2 of 5

Part 1: HURRICANE SANDY … AND 2016
Part 3: THE SMART MONEY IS ON SCIENCE
Part 4: CHANGE IN THE REAL ESTATE CLIMATE
Part 5: THE MEANING OF GREENING