Urban Fold

The $28 Trillion Question

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

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