HKMA Study: Climate Change Will Dampen Housing Prices - Regulation Asia
HKMA Study: Climate Change Will Dampen Housing Prices
HKMA Study: Climate Change Will Dampen Housing Prices By Editors, Regulation Asia Published on 26th December 2023 The study finds that global warming and severe typhoons can meaningfully lower housing prices in Hong Kong in the long run. To continue reading... Sign in Password * Remember me Lost your password? Get access today Sign up for a free 2-week trial and get instant, unrestricted and unlimited access to Regulation Asia. FREE TRIAL Already taken your free trial? Get in touch with our team and enquire about a subscription today. Select subscribe below to view our subscription packages or you can email us at [email protected] to discuss your options. Subscribe The study finds that global warming and severe typhoons can meaningfully lower housing prices in Hong Kong in the long run. To continue reading... Sign in Password * Remember me Lost your password? Get access today Sign up for a free 2-week trial and get instant, unrestricted and unlimited access to Regulation Asia. FREE TRIAL Already taken your free trial? Get in touch with our team and enquire about a subscription today. Select subscribe below to view our subscription packages or you can email us at [email protected] to discuss your options. Subscribe Related:climate change, flooding, HKMA, housing prices, physical risks, Property, Valuation Recommended for you Hong Kong to Permit Listing of Spot Crypto ETFs HKMA Announces Launch Date for Bank Account Data Sharing Pilot HKMA Issues Guidance for Banks on Digital Marketing
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”