Dr. Amine Ouazad speaks with Climate Now about how climate could spark the next financial crisis.
Sea levels are rising, storms are worsening, and flooding is consistently exceeding FEMA’s 100-year floodplain maps. Yet, an increasing percentage of new mortgages are used to purchase homes in at-risk areas. And lenders are selling mortgages in areas hit by hurricanes at higher rates to Fannie Mae and Freddie Mac, who are backed by American taxpayers, according to research done by Dr. Amine Ouazad, Professor of Economics at HEC Montreal.
Dr. Amine Ouazad is a professor of economics at HEC Montreal where he holds the endowed research professorship in “Urban and Real Estate Economics.” Dr. Ouazad is also a Senior Fellow at Johns Hopkins 21st Century Cities Initiative.
Katherine Gorman is a podcast host for Climate Now. She has worked for terrestrial public radio stations across the US, and is also co-host of the podcast “The Talking Machines”. She is excited to democratize the climate conversation and to learn and share knowledge from experts in the field.
James Lawler is the founder of Climate Now. James started Climate Now as a way to learn about climate change and our energy system. Climate Now’s mission is to distill and communicate the science of our changing climate, the technologies that could help us avoid a climate crisis, and the economic and policy pathways to achieve net zero emissions globally. James is also the founder of Osmosis Films, a creative studio.