As sea levels rise, economic damage piles up even faster: study
Source: Reuters
Technology | Sun Feb 28, 2016 6:28pm EST
As sea levels rise, economic damage piles up even faster: study
OSLO | BY ALISTER DOYLE
As sea levels rise, threatening cities from New York to Shanghai, the economic damage will increase even faster, scientists said on Monday.
Extreme floods whipped up by storms will become ever more costly for cities as ocean levels edge up around the world's coasts in coming decades, they wrote in a study that could help guide governments budgeting to protect everything from buildings and basements to metro systems.
"The damage from sea level rise rises faster than sea level rise itself," co-author Juergen Kropp, part of a team at the Potsdam Institute for Climate Impact Research, told Reuters of the findings.
For the Danish capital Copenhagen, for instance, a moderate sea level rise of 11 cm (4 inches) by 2050 from 2010 levels would cause about a billion euros ($1.1 billion) a year in extra damage if no protective action is taken, the study estimated.
But the costs would quadruple to 4 billion euros if the rate of sea level rise roughly doubles to 25 cm by 2050, in line with the worst scenarios projected by a U.N. scientific panel, they wrote in the journal Natural Hazards and Earth System Sciences.
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Read more: http://www.reuters.com/article/us-climatechange-sealevel-idUSKCN0W10Z7
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