Flood Insurance Risk Rating 2.0 is kind of sneakily the second best environmental policy Biden got done (after IRA). Actually charging places in flood plains the amount it costs to rebuild, rather than subsidizing it so people repeatedly rebuild in places that flood all the time, will incentivize people slowly to move away from those areas, or at least pay what it costs to live there and know what they’re getting into.
Flood Insurance Risk Rating 2.0 is kind of sneakily the second best environmental policy Biden got done (after IRA). Actually charging places in flood plains the amount it costs to rebuild, rather than subsidizing it so people repeatedly rebuild in places that flood all the time, will incentivize people slowly to move away from those areas, or at least pay what it costs to live there and know what they’re getting into.