Sea level rise has already sunk Carolinas beach property values — by $1.6 billion, study finds

Posted In News, Sea Level Rise
Jul
30

topsail-denis-delestrac
Topsail beach erosion, North Carolina. Photo courtesy of: © Denis Delestrac

Excerpts;

Sea levels are rising and the southeast has already lost billions in property value, a recent study shows.

Scientists have found $7.4 billion was lost in home values across North Carolina, South Carolina, Virginia, Georgia and Florida because of sea level rise flooding from 2005 to 2017.

Scientists at First Street Foundation — a technology nonprofit dedicated to increasing awareness of sea level rise — used data from the National Oceanic and Atmospheric Administration, U.S. Geological Survey, local governments, the National Weather Service and the U.S. Army Corps of Engineers to estimate flood risks…

Read Full Article, News & Observer (07-25-2018)

Coastal homes could see flood insurance premium going up again, and that’s only the beginning; Miami Herald (07-24-2018)

Flooding from sea level rise threatens over 300,000 US coastal homes – study; Guardian UK (06-18-2018)

Rising seas threaten nearly $1 trillion worth of US homes, and most of them are moderately priced; CNBC (10-18-2017)

Sea Level Rise Will Reshape U.S. Population In All 50 States; Yale E360 (04-19-2017)
Sea level rise could cause mass migrations that will affect not just the United States’ East Coast, but reshape communities deep in the heart of the country, according to new research…

Coastal residents need to set aside money now to cope with future flooding; Sun Sentinel (07-10-2018)
Sea-level rise is a national economic insecurity. According to the National Ocean Service, 39 percent of the U.S. population in 2010 lived in counties that are on shorelines…

How rising seas and coastal storms drowned the U.S. flood insurance program, Yale E360 (04-19-2017)
Sea level rise and more severe storms are overwhelming U.S. coastal communities, causing billions of dollars in damage and essentially bankrupting the federal flood insurance program. Yet rebuilding continues, despite warnings that far more properties will soon be underwater…

The next five years will shape sea level rise for the next 300, study says; The Washington Post (02-20-2018)
Peaking global carbon dioxide emissions as soon as possible is crucial for limiting the risks of sea-level rise, even if global warming is limited to well below 2 degrees C. A new study analyzes for the first time the sea-level legacy until 2300 within the constraints of the Paris Agreement…

New Study Finds Sea Level Rise Accelerating; NASA (02-13-2018)
Global sea level rise is accelerating incrementally over time rather than increasing at a steady rate, as previously thought, according to a new study based on 25 years of NASA and European satellite data…

Federal report: High-tide flooding could happen ‘every other day’ by late this century; The Washington Post (03-28-2018)

Surrendering to rising seas; Scientific American (08-2018)
Coastal communities struggling to adapt to climate change are beginning to do what was once unthinkable: retreat…

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