Bisnow: Resilience Economics & Severe Weather | cove

Bisnow | FEATURE | Red State Sets Example For Resilience Economics As Severe Weather Threat Grows

ATLANTA – ( Bisnow) The increasing frequency of severe weather events is becoming impossible to ignore, even in states where the term “climate change” is taboo.

Alabama is the latest to pass a climate bill packaged as resilience planning and economic protection, mandating a statewide risk and vulnerability assessment, formalizing a cross-agency resilience council that includes real estate voices, and creating the role of chief resilience officer.

Alabama’s Senate Bill 137, signed into law in April, is designed to help better predict the cost of natural disasters and invest in resilience in a way that makes financial sense for insurers and property owners. While this kind of legislation could add to upfront development costs, experts say it is needed to attract and retain investment, and builders are among the loudest voices pushing for it.

“No matter what the politics are, reality has a way of changing your calculations,” said Patrick Chopson, co-founder of cove, a resilience-focused artificial intelligence architecture firm. “That’s affecting downstream what people can actually build.”

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