<
https://www.scientificamerican.com/article/35-billion-worth-of-real-estate-could-be-underwater-by-2050/>
"CLIMATEWIRE | Millions of acres of coastal land will be in flood zones by
midcentury, potentially costing communities huge sums in lost property taxes as
developed land becomes uninhabitable, an analysis released Thursday shows.
Research nonprofit Climate Central conducted a unique study of sea-level rise,
projecting the amount of real estate, buildings and tax revenue that hundreds
of coastal counties will lose as tides encroach on developed areas. It found
that an estimated 4.3 million acres — an area nearly the size of Connecticut —
will be underwater by 2050, including $35 billion worth of real estate.
“Higher flood waters are reaching further inland, flooding properties and
buildings that have never flooded before,” Climate Central researchers wrote.
Louisiana could be particularly hard hit, according to the report, with 2.4
million acres underwater by 2050. On the Louisiana coast, Terrebonne Parish
could see 77 percent of its acreage flood, potentially submerging 5,700
buildings.
Florida, North Carolina and Texas could also face substantial losses. In Dare
County on North Carolina’s Outer Banks, for example, 27 percent of the acreage
will be at risk of flooding by 2050, potentially submerging $875 million worth
of real estate and buildings. Monroe County in the Florida Keys could see 19
percent of its acreage flood, representing $700 million in real estate and
buildings.
“There are about 30 counties that are going to lose more than 10 percent of
their land area by 2050,” Climate Central senior adviser Don Bain said."
Via Bill Daul.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
