As ocean levels are rising, real estate values are dropping. And ocean fish are dying. (via latimesopinion)
of coastal regions endangered by rising seas. The database shows which lots could be flooded in the event of a tidal surge or a hurricane, as well as the gains in property value forgone because of increased flood risk. Unfortunately for Californians, the maps so far are limited to the East Coast, but we’ve alreadyThe effects are significant.
The organization estimates that more prevalent ocean flooding — it’s up to four times more frequent in some places than it was a decade ago — has costin lost home-value increase from Maine to Mississippi. Those losses reflect First Foundation’s estimate of how much more slowly the market value of coastal property grew in areas hit by more floods than in areas not affected by flooding.
And as the ocean level continues to rise, those market effects will also rise, and expand, in another real-world consequence of our reliance on fossil fuel for energy.in Science that finds warming oceans have reduced the amount of fish humans can sustainably rely on for food by more than 4%, or 1.4 million metric tons, from 1930 to 2010. Some species of fish also have moved to new areas of the ocean, affecting the communities that relied on them for sustenance.
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