Finance
Climate Change Will Get Worse. These Investors Are Betting on It
If electric cars and clean energy aren’t enough to prevent rising oceans, then there’s money to be made in sea walls, indoor agriculture, and emergency housing.
The aftermath of Hurricane Florence in Trenton, N.C., on Sept. 20, 2018.
Photographer: Alex Wroblewski/Bloomberg
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A top investment strategist for JPMorgan Asset Management sent a note to clients earlier this year with a dire forecast. Despite global efforts to stop climate change, sea levels are likely to rise dramatically, threatening the 40 percent of Americans who live along the coast.
On the other hand, there will probably be some investment opportunities in sea walls.