Tags: Climate Change
California is likely to see billions of dollars in losses due to climate change, a new report by economists at San Francisco State released Tuesday concluded.
As rising sea levels erode the coastline and increasingly volatile weather causes significant damages to beachfront properties and businesses, California towns can expect to lose millions of dollars in lost tourism and tax revenue.
If the Pacific Ocean rises the predicted 55 inches over the next century, California could lose:
The study underscores the need to start preparing for climate change related damage now, says the study’s co-author, Phillip King. "Sea level rise is here,” King said, “and we need to start planning for it.”