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THE MALDIVES SWAP….The Maldives — average elevation: 150 cm above sea level — wants to buy some land in another country as an insurance policy against global warming:

[Newly elected president Mohamed Nasheed] said Sri Lanka and India were targets because they had similar cultures, cuisines and climates. Australia was also being considered because of the amount of unoccupied land available.

“We do not want to leave the Maldives, but we also do not want to be climate refugees living in tents for decades,” he said.

Instead of setting up a sovereign wealth fund to purchase the land, perhaps Nasheed should just buy a credit default swap that pays off if the Maldives are inundated. Since Republicans don’t believe that global warming exists, they should be eager buyers for the other end of the swap.

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and billionaire owners wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2021 demands.

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