A June 2018 study released by the Union of Concerned Scientists, regarding chronic coastal flooding, projects that flood levels will rise drastically within the next 30 years directly caused by rising sea levels due to increasing carbon emissions.
Already many areas are seeing routine coastal flooding that did not used to occur as recently as 1970. Although this has been an inconvenience, it has not become a major problem… yet. According to this study, by 2045 over 300,000 homes valuing roughly $117.5 billion dollars are at risk of constant flooding. These homes provide shelter for about 550,000 people and provide the country with nearly $1.5 billion a year in property tax revenue. In addition, there are 14,000 commercial properties valued at $18.5 billion that would be affected.
If these projections of chronic flooding aren’t correct, these homes will lose much of their value, become difficult to insure, and eventually be unlivable altogether. This huge change would create regional marketing crises, as well as negatively impact local real estate investors and bankers.
Although the effects climate change will have on our society are scary, it is important that we are staying diligently aware so that we can make changes, within our power, to slow the process. Clean energy is a huge factor in reducing carbon emissions and can easily be done on an individual level. Average residential homes powered with a solar system will prevent 5,760 pounds of carbon dioxide pollution a year from entering the atmosphere. Making sure we are using energy efficient appliances and vehicles are other steps we can personally take to slow the rapid effects of climate change.
To see specific data about flooding projections you can view this interactive map.