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The $28 Trillion Question

Posted by: Alek Miller

25 November 2009 - 11:00am

A new report prepared for the insurance industry says that the rise of sea levels could cost port cities $28 trillion by 2050.

"The value of infrastructure exposed in so-called 'port mega-cities,' urban conurbations with more than 10 million people, is just $3 trillion at present.

The rise in potential losses would be a result of expected greater urbanization and increased exposure of this greater population to catastrophic surge events occurring once every 100 years caused by rising sea levels and higher temperatures."

Full Story: Sea level rise could cost port cities $28 trillion
Source: CNN.com, November 23, 2009
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"It's so out of control," said Duany, referring to the current state of public participation in planning decisions in the United States. "It's an absolute orgy of public process… basically, we can't get anything done."
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