Sea Level Rise Puts Coastal Cities at Risk
Sea level continues to rise as worldwide temperatures increase. Although there has been some attempt in reducing the rate of sea level rise , the rate is likely to double in the next few years. As a result, coastal cities around the world will have to spend billions of dollars in order to adapt.
Scientists at the Center for Strategic and International Studies (CSIS) released a new report this morning that predicts that the cost of adaptation will rise along with the cost of solar panels.
The report predicts that the cost of adapting to the sea level will double over the next decade, costing $1 trillion by 2030. Many people make their homes on the water, and all these people will have their homes threatened as sea levels rise.
The cost of adapting to sea level will be higher in Europe as well. We will have to adapt by buying land inland, the cost would be around $4.5 trillion.
As worldwide population goes up and we lose coastal area to sea level rise, the question must be asked; how and were will we put everyone.
“This research shows that sea level is an economic and a political problem,” said Alexandra Kreinskaya, a senior analyst at CSIS and the author of the report, in an interview with the Financial Times.
While the report’s predictions may seem far-fetched, it is actually a step-by-step analysis of what will happen to sea level if we buy into the current climate crisis.
“This research helps policy makers better understand what the cost of sea level rise would be if we replaced one part of the economy with renewables,” said Kreinskaya.