Jan 2, 2023
"The vision is to future proof global real estate. Now why real estate? One thinks that it's just one industry, right? Well, it's 300 trillion dollars. There is no asset class, no industry that is remotely as valuable. Not all the treasury bonds in the world, not all the stock exchanges in the world, and not all the real GDP of the economies of the world add up to the value of global land and property assets: 300 trillion dollars. Now, what will any of it be worth tomorrow, one year from now, five years from now, 10 years from now in different places in the world? We used to have a pretty stable answer to these questions. The truth is the valuation model is broken because it's very antiquated, and not only is the appraisal or valuation model broken, it's even more broken because it never took climate change into consideration." - Parag Khanna
Fresh out of the studio, Parag Khanna, founder and CEO of Climate Alpha unveils the story of his new company which leverages artificial intelligence to decipher how real estate will transform amid climate adaptation. Parag offers his observations on the ongoing global issues from the potential resolution of the Ukraine-Russia war to the easing of tensions on the Taiwan straits. Last but not least, he comments on the recent COP27 conference and offers his view on what great looks like for Climate Alpha.
Podcast Information: The show is hosted and produced by Bernard Leong (@bernardleong, Linkedin) and Carol Yin (@CarolYujiaYin, LinkedIn). Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G.Thomas Craig (@gthomascraig, LinkedIn).