Thursday, January 19, 2017

Will Trump Focus on Climate Change Infrastructure Resiliency?

From economist Matthew Khan:

"I am listening to Jimi Hendrix and I'm trying to think about predictions I'm willing to make about environmental regulation under President Trump.  Both Don Trump and I both lived in New York City in the early 1970s.  This was a time when Manhattan was dirty, dangerous and disillusioned.   Real estate prices were low.  Don Trump has made huge amounts of $ as Manhattan has become a more livable "green city".  He knows what the capitalization effect is and knows that "location,location, location" mantra of real estate both means a property's proximity to employment and cultural centers and quality of life hubs such as central park. This logic implies that President Trump will not gut regulations that protect the air and water. I actually think he will invest in increasing our nation's climate resilience because he owns so much coastal real estate!  Self interest will nudge him to invest in adaptation!  (sounds familiar?)."

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