Due to climate change, homeowners should consider upgrading their homes to withstand extreme weather events such as hurricanes. Upgrading roofs, windows, and doors can protect against wind damage and water infiltration. While expensive, these upgrades can save money in the long run by reducing damage and potential losses. Experts predict an active 2024 hurricane season, making it crucial for homeowners to prepare their homes now.
Despite challenges in real estate, infrastructure, and exports, China is pivoting its economy towards manufacturing and technology. HSBC, the global bank, expresses optimism about China's long-term economic prospects as it transitions to a more consumer-driven, sustainable economy. While short-term headwinds may persist, HSBC anticipates a stronger future for China as it adapts to economic maturity.
The SEC mandates climate-related reporting to inform investors about climate change impacts on businesses. Companies will disclose physical and financial risks, greenhouse gas emissions (Scope 1, 2, and 3), in annual filings and registration statements. Similar reporting is already required in many countries and California. The SEC's rule faces potential legal and congressional challenges, especially regarding the disclosure of Scope 3 emissions.
