Parag Khanna wants to help people "future-proof" their real estate. The author of more than 20 books has long been known for his analysis and macroeconomic forecasts, and his new firm, the AI-powered analytics platform Climate Alpha, seeks to harness data to track trends in migration, climate change, and finance to know which locations will provide both resilience and profit when the world changes. He argues that the Black Swan is not the right way to think of climate risk, but rather the Green Swans are flocking, and headed straight for millions of miles of real estate.
At an estimated value of over $300 trillion, land and real estate remains the world’s most valuable asset class and yet it is directly exposed to climate change and demographic decline. As Khanna noted in his presentation to the Fortune Global Forum in Abu Dhabi, real estate is by definition "trapped and immobile."
