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Disasters spur investment in flood and fire risk tech
Services that assess climate change risks are springing up for home buyers, insurers and lenders.
The London-based climate risk firm offers a digital twin of the Earth, which simulates different extreme weather events and their potential impact on properties, infrastructure and assets under different emissions scenarios. "They log into our platform and identify locations and existing building stock and in return they receive risk rating and severity metrics tied to hazards," says Mr Ahmed. "If people are looking at two homes with the same layout in the same neighbourhood, then climate risk will make or break [their decision]," says Redfin chief economist Daryl Fairweather.
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