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New Federal Report Warns of Financial Havoc From Climate Change

WASHINGTON — A report commissioned by federal regulators overseeing the nation’s commodities markets has concluded that climate change threatens U.S. financial markets, as the costs of wildfires, storms, droughts and floods spread through insurance and mortgage markets, pension funds and other financial institutions.

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Damage from whopper hurricanes rising for many reasons

 ...America and the world are getting more frequent and bigger multibillion dollar tropical catastrophes like Hurricane Laura, which is menacing the U.S. Gulf Coast, because of a combination of increased coastal development, natural climate cycles, reductions in air pollution and man-made climate change, experts say.

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Underwater: Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate (2018)


CLICK HERE - STUDY - Union of Concerned Scientists - Underwater - Rising Seas, Chronic Floods, and the Implications for US Coastal Real Estate (28 page .PDF document)

ucsusa.org - June 2018

Sea levels are rising. Tides are inching higher. High-tide floods are becoming more frequent and reaching farther inland. And hundreds of US coastal communities will soon face chronic, disruptive flooding that directly affects people's homes, lives, and properties.

Yet property values in most coastal real estate markets do not currently reflect this risk. And most homeowners, communities, and investors are not aware of the financial losses they may soon face.

This analysis looks at what's at risk for US coastal real estate from sea level rise—and the challenges and choices we face now and in the decades to come.

(CLICK HERE - READ COMPLETE ARTICLE)

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Hurricane Preparedness - Information Resources

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AN EXPANDING LIST OF INFORMATION RESOURCES FOR HURRICANE PREPAREDNESS . . .

National Hurricane Center - Active Tropical Cyclones
http://www.nhc.noaa.gov/cyclones/

National Hurricane Center - Atlantic 5-Day Graphical Tropical Weather Outlook
http://www.nhc.noaa.gov/gtwo.php?basin=atlc&fdays=5 

Atlantic City and Miami Beach: two takes on tackling the rising waters

Note: Average seasonal cycle removed from monthly mean sea level Source: National Oceanic and Atmospheric Administration | Graphic: Jan Diehm/The Guardian

IMAGE: Note: Average seasonal cycle removed from monthly mean sea level Source: National Oceanic and Atmospheric Administration | Graphic: Jan Diehm/The Guardian

theguardian.com - March 20th 2017 - Oliver Milman

The Irish Pub near Atlantic City’s famed boardwalk doesn’t have any locks on the doors as it is open 24 hours a day. So when Hurricane Sandy crunched into what was once known as the Las Vegas of the east coast in 2012, some improvisation was needed.

Regular drinkers helped slot a cork board through the frame of the door, wedging it shut and keeping out the surging seawater.

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Cutting Greenhouse Gas Emissions Won't Slow Global Economic Growth — Report

          

Increased use of low-carbon energy sources instead of fossil energy sources is making it easier for countries to decouple economic growth from greenhouse gas emissions, according to a new report.  Photograph: Mick Tsikas/Reuters

New report from green think tank Heinrich Boll shows OECD countries grew their economies 16% in last decade – and cut greenhouse gas emissions 6.4%

CLICK HERE - RESEARCH REPORT - Turning point: Decoupling Greenhouse Gas Emissions from Economic Growth

theguardian.com - by Bruce Watson - September 26, 2015

As the world works out how to avoid catastrophic climate change, one of the biggest questions remaining is whether we can continue to grow economically without also increasing greenhouse gas emissions.

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NASA: On the U.S. East Coast, Sea Level is Rising Two or Three Times Faster Than Average

Glacial Rebound: The Not So Solid Earth

nasa.gov - August 26, 2015

When you fill a sink, the water rises at the same rate to the same height in every corner. That's not the way it works with our rising seas.

According to the 23-year record of satellite data from NASA and its partners, the sea level is rising a few millimeters a year -- a fraction of an inch. If you live on the U.S. East Coast, though, your sea level is rising two or three times faster than average. If you live in Scandinavia, it's falling. Residents of China's Yellow River delta are swamped by sea level rise of more than nine inches (25 centimeters) a year.

These regional differences in sea level change will become even more apparent in the future, as ice sheets melt. For instance, when the Amundsen Sea sector of the West Antarctic Ice Sheet is totally gone, the average global sea level will rise four feet. But the East Coast of the United States will see an additional 14 to 15 inches above that average.

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