$10 billion of Californian coastal property at risk

California’s coast is at increasing risk of flooding from rising sea levels which could see $10 billion of property destroyed.

California’s coast is at increasing risk of flooding from rising sea levels which could see $10 billion of property destroyed. A new study from climate change researchers Risky Business warns that by 2050 the state is at risk of more droughts, increasing numbers of hot days and altered rain and snow fall patterns. The report states: “Extreme heat will fuel large and costly wildfires, endanger water resources, drive up energy costs, exacerbate air pollution, and threaten human health.”

The study was commissioned by former New York mayor Michael Bloomberg, among others, who said that every city in the state should be concerned about the possible impacts, especially as 85 per cent of Californians live in coastal areas. San Diego is especially vulnerable the report says with seal level predicted to rise by up to 3.4 feet.

Businesses will suffer too of course with farming in particular being hit by the current severe drought. Outdoor workers will find heat intolerable more frequently and businesses will face increased energy costs. The study calls for action from policymakers and businesses: "Every year that goes by without a comprehensive public and private sector response to climate change is a year that locks in future climate events that will have a far more devastating effect on our local, regional, and national economies. Read the full report.

Keep up with the latest news and events

Join our mailing list, it’s free!