iHumanMedia.com covers the BREAKING NEW STORY on Climate Change in America. The scientific community is virtually in full agreement that flooding, earthquakes and colder winters have already impacted the U.S. economy.
New studies show El Nino causing floods and rising sea levels putting at risk over $700 Billion in real estate property in the United States. Insurance risk assessments for 2016, probability of catastrophic disaster jumped significantly in North America.
The U.S. infrastructure is at a breaking point with over $3.4 Trillion needed to repair bridges, roadways, schools and coastal real estate developments. Millions of jobs are at risk due to the severe weather pattern crisis worldwide.
Clean water droughts are hitting farmers in states like California, where over 17,000 farm worker jobs have been lost this year due to lack of clean water to grow crops. The water crisis caused food prices to jump about 5% in stores.
“Florida faces more risk than any other state that private, insurable property could be inundated by high tide, storm surge and sea level rise” if it fails to protect itself, according to a new report by the Risky Business Project an analysis of global economic effects of climate change funded by former New York Mayor Michael Bloomberg, former U.S. Treasury Sec. Henry Paulson and Thomas Steyer, founder of Farallon Capital Management LLC.
The report is called Come Heat and High Water: Climate Risk in Southeastern U.S. and Texas. In addition to Florida, it addresses unique vulnerabilities and projected impacts on Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia.
In Florida, up to $69 billion in coastal property not at risk today will likely be at risk of inundation at high tide by 2030. By 2050, the value of at-risk property below local high tide levels will increase to about $152 billion.
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