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Bank Regulators Present a Dire Warning of Financial Risks from Climate Change
Home values could fall significantly. Banks could stop lending to flood-prone communities. Towns could lose the tax money they need to build sea walls and other protections. These are a few of the warnings published by the Federal Reserve Bank of San Francisco regarding the financial risks of climate change. The collection of 18 papers by […]
Taxpayers in the Hamptons Among the Most Exposed to Rising Seas
Almost no city stands to lose as much money from climate change as Southampton, New York. The affluent Long Island suburb – where the median price of a home for sale is almost $2 million – has the second highest level of its property-tax revenue at risk among municipalities with a high likelihood of chronic flooding […]
Florida Newspapers Team Up to Highlight Threat from Sea Level Rise
The editorial boards of the Miami Herald, South Florida Sun Sentinel and Palm Beach Post — with reporting help from WLRN Public Media — are joining hands in an unprecedented collaboration this election year to raise awareness about the threat facing South Florida from sea-level rise. In drumbeat fashion, they plan to inform, engage, provoke […]
The Risk of Sea Level Rise is Chipping Away at Miami Home Values
Creeping flood waters driven by sea rise have yet to reach the doors of most homes in Miami-Dade, but research shows the looming threat from climate change is already affecting their value. And not in a good way. Read the entire article at The Miami Herald. New data from Harvard University and the University […]
Special Report: How Engineers are Preparing for Sea-Level Rise
From Seattle to Cape Cod, see what’s being done at 18 different locations. Read the entire article at Engineering News-Record. In this special report, Engineering News-Record’s team of editors and reporters look at how coastal communities around the country are tackling problems, including erosion, subsidence and sea-level rise. Our reporting has found […]
San Francisco Design Teams Compete for Best Solutions to Sea Level Rise
Read the entire article at The San Francisco Chronicle. An ambitious design competition that seeks to make the Bay Area a model for how to prepare for sea-level rise kicks off this week. The competition, dubbed “Resilient by Design,” will select 10 interdisciplinary teams to tackle 10 sites around the bay, with at least one […]
Mainland Miami Ponders Returning Neighborhoods to Nature to Survive Rising Seas
Read the entire article at The Miami Herald. On mainland Miami, miles away from the pumps that keep Biscayne Bay from slowly swallowing South Beach, the neighborhood around Ray Chasser’s riverfront house seems like it’s drowning one high tide at a time. When the moon is full and the bay bloated, a salty soup […]
How Rising Seas and Coastal Storms Drowned the U.S. Flood Insurance Program
Read the entire article at YaleEnvironment360. Sea level rise and more severe storms are overwhelming U.S. coastal communities, causing billions of dollars in damage and essentially bankrupting the federal flood insurance program. Yet rebuilding continues, despite warnings that far more properties will soon be underwater. The federal insurance program has subsidized thousands […]
Inland Properties Can Go Underwater First
Read the entire post at John Englander. Most assume that properties right on the coast are most vulnerable to rising sea level, but in many places, those much further inland will flood first. Properties right on the shore are often more than ten feet (3 meters) above sea level and might be safe for many decades. […]
Property Values Will Go “Underwater” Before Going Under Water
Read the entire article at John Englander. How long before a particular coastal area goes ‘underwater’ is a question I get asked all the time. I like to explain that there are essentially three ways that property will go underwater: temporarily, permanently, or figuratively in anticipation of actual flooding. The temporary flooding is most dramatic, like the typical […]
