They are certainly not a ‘de facto carbon price’ because they are not related to the amount of carbon that any specific homeowner emits. Carbon price is meant to be an incentive to change behaviour or technology, to reduce emissions.
I suppose they might be considered a ‘de-facto climate-change-denial price’ for those who recently invested in such places by the sea (in the US case, there seems to be some correlation…), but that’s still not fair for people who lived in vulnerable places for a long time, before some of these impacts became inevitable.
They are certainly not a ‘de facto carbon price’ because they are not related to the amount of carbon that any specific homeowner emits. Carbon price is meant to be an incentive to change behaviour or technology, to reduce emissions.
I suppose they might be considered a ‘de-facto climate-change-denial price’ for those who recently invested in such places by the sea (in the US case, there seems to be some correlation…), but that’s still not fair for people who lived in vulnerable places for a long time, before some of these impacts became inevitable.