Sandy struck a year ago, but some federal moves could make climate risks worse
For Eli Lehrer, president of the R Street Institute, that begins with overhauling flood insurance.
“For more than 40 years, we’ve subsidized huge numbers of people to live in flood-prone areas,” he said. “This policy alone … would with or without climate change result in massively increased damage resulting from flooding. And that’s exactly what we’ve seen.
“Climate change is likely to make this worse.”