ImaginaryNumber
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Coastal flooding could hit nearly 20% of global GDP as climate change accelerates storms, sea level rise
- Coastal flooding made worse by climate change could damage assets worth up to $14.2 trillion by 2100 as rising seas inundate coastal homes and infrastructure, according to new research published in Scientific Reports.
- Without investment in flood defense and a decline in greenhouse gas emissions, there will be an increase of about half of the world’s land, half of the global population and nearly half of global assets at risk of flooding by 2100.
- Flooding will cause the most damage in the northeast U.S., northwest Europe, southeast Asia and northern Australia.