Balneus

Australian Lefty on Politics, Governance, Science and Info Management

Climate change skeptic investment guideline

Posted by Dave Bath on 2008-12-29


Given that climate change skeptics reject the idea that sea-levels will rise, they should value property near sea-level more highly than the majority who believe those properties will be inundated.

Let’s see them put their money where their mouths are.

If they are feeling charitable, they can always make a longbet (proceeds go to a charity they nominate). Here is one longbet challenge that seems to be in the process of being accepted.

Can anybody nominate other investments the skeptics should make?

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2 Responses to “Climate change skeptic investment guideline”

  1. I’m keen for the value of waterfront property to fall due to GW fear so I can buy some. My only worry is that it might cost me more to insure it due to GW fear from insurance companies, but I’m sure someone would offer me an exemption on GW induced sea level rises for a lower premium.

    Though, being a filthy capitalist I don’t think waterfront properties are going to drop in price that much. Markets may be short term irrational at times but on average they price things pretty well. Lets hope I get to buy during a wave of GW fear.

    Now the flip side – shouldn’t all you ‘true believers’ be buying properties two or three streets up the hill. I mean, surely it will increase in value when it becomes waterfront?

  2. Dave Bath said

    Mick mentioned “GW fear from insurance companies”

    If anyone in the market can understand risks, it is probably the actuarial departments of insurers.

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