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It's actually illegal in some states to acknowledge the land lost to climate change [0]. Part of the reasoning behind this is to sew doubt in the veracity of t
by mywittyname 5y ago
It's actually illegal in some states to acknowledge the land lost to climate change [0]. Part of the reasoning behind this is to sew doubt in the veracity of the climate predictions of the 80s and 90s.
As some people have said, a large amount of coastal land has already been lost to the sea, especially in Florida. This situation is going to take years/decades to really unfold, because, for the most part, it's not like houses will be above ground one day, then under water the next. Instead this will be a gradual process whereby flooding becomes more severe and frequent, yet the ground will be ostensibly "dry" 99% of the time (or underwater only 3 days a year). Then it will be 98% of the time, 97% of the time, etc.
[1] is a link to a McKinsey report on climate change and how it will effect Florida and how lenders should prepare.
[0] https://skepticalscience.com/news.php?n=1518 https://skepticalscience.com/news.php?n=1518
[1] https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/Sustainability/Our%20Insights/Will%20mortgages%20and%20markets%20stay%20afloat%20in%20Florida/MGI_Climate%20Risk_Case%20Studies_Florida_May2020.pdf https://www.mckinsey.com/~/media/McKinsey/Business%20Functio...