Climate change is going to play a major role in deciding how the physical spaces will get transformed and ways human will use them. Several natural risks and catastrophes have already altered the land use patterns. It is also severely impacting mortgage and insurance firms. To work towards the now needed resilience, there are 5 Rs that companies and governments need to take care of. These are- Reinforce, Rebuild, Rebound, Restrict and Retreat. Reinforce is about refurnishing buildings, as done in Houston, to make them safer against floods or earthquakes. Rebuild relates to building new structures, also followed in Houston. Rebound is particularly helpful for Miami, and is about trying to co- exist in a newer environment. Allowing for some limitations, as done in California is about the Restrict approach. And finally, there is Retreat, which is the approach followed in Maryland. The historic downtown has been abandoned in Ellicott City, a business innovation, that will help the residents survive.

Source:https://hbr.org/2019/10/climate-change-is-going-to-transform-where-and-how-we-build?utm_campaign=hbr&utm_medium=social&utm_source=twitter

Uploaded Date:24 October 2019