The combination of sea level rise due to global warming as well as storm surges from tropical storms and hurricanes could cost a cumulative total of about $1 trillion by the end of this century, a study has found
The research, published Dec. 14 in the journal Climatic Change, attempts to combine data on sea level rise with coastal property information and computer model simulations of future tropical cyclones
The results show that the U.S. is facing what until now has been a hidden financial risk, not unlike the mortgage backed securities that helped blow up the U.S. economy in 2008. Scientists have improved their tracking and projections of sea level rise — but they have not, until now, figured out a way to estimate the combined economic impact of storm surges and sea level rise nationwide Read more...
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