Value Of FL Property Subject To Flooding Projected @ $69 Billion In 2030, $152 Billion In 2050

[hatrack]

Florida has more private property at risk from flooding linked to climate change than any other state, an amount that could double in the next four decades, according to a new report by the Risky Business Project. By 2030, $69 billion in coastal property in Florida could flood at high tide that is not at risk today, the report found. That amount is projected to climb to $152 billion by 2050.

EDIT

Whether Florida Republicans heed the message remains to be seen. State employees have said Gov. Rick Scott’s administration warned them not to use the phrase climate change in state documents. And in South Florida, where a four-county compact has been working for years to address risks, Miami-Dade County only this year agreed to have Mayor Carlos Gimenez draft a plan. “Paulson gets it. When you have assets (public or private ) that are in jeopardy, it makes good business sense that you can add substantial value by investing in resiliency,” said County Clerk Harvey Ruvin, who led the county’s climate change task force.

According to the study, storm-related losses linked to climate change are expected to increase an average of $1.3 billion every year by 2030, or by $4 billion yearly on average by 2050. Even at mean sea level, more property could flood with rising seas: up to about $15 billion worth by 2030, the report said.

Rising temperatures also mean the number of days over 95 degrees will increase from about seven per year to 32 between 2020 and 2039, the report said. By mid-century, the number of 95-degree days could reach 76, or more than two and a half straight months of scorching, AC-busting days.

EDIT

http://www.miamiherald.com/news/local/environment/article29029159.html

[KelleyKramer]

1. I have always said ...

These asshole Republicans will never do anything

But you just wait until they can't get insurance on their beach houses.. THEN you will see some action!