Coastal Cities Are Increasingly Vulnerable #ClimateChange #StopAdani  | jpratt27

That means that many of our great, low-lying coastal cities are what we call “stranded assets.”

GreenBiz founder Joel Makower defines a stranded asset as “a financial term that describes something that has become obsolete or nonperforming well ahead of its useful life, and must be recorded on a company’s balance sheet as a loss of profit.”

Makower was talking about Exxon and other companies that built their businesses on the combustion of climate changing fossil fuels, not cities.

But the concept easily transfers from businesses built on carbon to cities threatened by carbon’s impact.

via Coastal Cities Are Increasingly Vulnerable #ClimateChange #StopAdani  | jpratt27

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