04 August, 2016

Climate change driven sea level rise threatens U.S. coastal cities

Sea level rise threatens nearly a trillion dollars
of U.S. coastal cities and as Australia has all its capital
 cities on the coast,it faces a similar dilemma.
Sea level rise may put nearly a trillion dollars of U.S. coastal homes underwater by the end of the century, a new real estate study has found.

Storm surges and higher tidal flows caused by climate change could gobble almost 1.9 million houses in hundreds of cities, according to a report by the real estate company Zillow. In total, homeowners could lose some $882 billion by 2100.

The report published Tuesday is based on National Oceanic and Atmospheric Administration (NOAA) maps showing which coastal areas will be underwater with a projected sea level rise of six feet, in conjunction with the company’s database of more than 100 million homes nationwide. Six feet is the amount of sea level rise scientists most recently estimated in a study on climate change published in March.

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