The Balance: Economic Impact of Rising Sea Levels

Sea levels are rising, and 25 percent of the rise since 1880 has occurred during the last two decades. An increase of a few inches may not seem dramatic, but the economic impacts are expected to be immense. “Higher levels will affect the eight of the world's largest cities that are near a coast,” reports Kimberly Amadeo for the Balance. Millions in coastal communities, especially in emerging economies, will have little choice but to migrate. Saltwater will contaminate nearby freshwater supplies including aquifers, farms and habitats. Amadeo describes the threat of flooding in major cities from Miami to Jakarata as well as the preparations being made including raised roads and infrastructure like pumps and desalination plants. “The only permanent solution is to slow or reverse global warming,” Amadeo explains. “The amount of greenhouse gases emitted into the earth's atmosphere need to be reduced or eliminated…. Once limits are firmly set, carbon emissions trading can reward businesses that adhere to the cap. Carbon taxes can punish those that do not.” – YaleGlobal

The Balance: Economic Impact of Rising Sea Levels

Rising sea levels are changing the world will impact jobs and homes for millions of people living along the coast
Kimberly Amadeo
Thursday, April 5, 2018

Read the article about the economic costs of rising seas from the Balance.

Kimberly Amadeo clarifies economic and business news and is president of WorldMoneyWatch.com. She has 20 years senior-level experience in economic analysis and business strategy working for major international corporations. She is the author of The Ultimate Obamacare Handbook: A Definitive Guide to Your Benefits, Rights, Responsibilities, and Potential Pitfalls and Beyond the Great Recession: What Happened and How to Prosper

Copyright: All materials are the property of The Balance.

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