As climate change intensifies, one of the most surefire threats we're
bound to face is increased flooding of coastal cities brought on by sea
level rise. Taxpayers worldwide will be faced with more whopping
bills—like the estimated $60 billion cost of Superstorm Sandy—to clean
up damage in the wake of these events. But just how much money are we
talking about here? According to a study out today in Nature,
it's a freakishly large number: A dangerous combination of rising seas,
sinking land, and growing coastal development could push global flood
damages to well over $1 trillion every year by 2050.
http://www.motherjones.com/environment/2013/08/map-top-cities-billion-dollar-floods
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