Risky Business: Economic Impacts of Climate Change in the United States

Major economic report out this morning, from Risky Business. There’s a press conference at 0830 ET today, which will be shown in a Web cast. Excerpt:

  • If we continue on our current path, by 2050 between $66 and $106 billion worth of existing coastal property will likely be below sea level nationwide, growing to $238 to $507 billion by 2100.
  • There is a 1-in-20 chance that by the end of this century more than $701 billion worth of existing coastal property will be below sea level, and that average annual losses from hurricanes and other coastal storms along the Eastern Seaboard and Gulf of Mexico will grow by more than $42 billion due just to sea-level rise alone. Potential changes in hurricane activity could raise this amount to $108 billion.
  • Property losses from sea-level rise will disproportionately affect the Southeast and Atlantic coasts, where rise is expected to be higher and the losses far greater than other coastal areas.

That does not cover effects of heat and fires.

See the online report for details. And the recorded Webcast is available:

Addendum, 2014-06-25, 11:45 ET

Paulson had a good editorial in the New York Times on Sunday.

About hypergeometric

See http://www.linkedin.com/in/deepdevelopment/ and http://667-per-cm.net
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