Study: Climate change could cause $12 billion in damage in the Houston/Galveston area - San Francisco Business Times:

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The finding comes thre e days after a study found thatCorpusz Christi’s infrastructure will also be affected by climater change. “The Socio-Economic Impact of Sea Level Rise in the Galveston Bay commissioned by the and theBritish Consulate-General Houston, estimates that 78 percent of householdws will be displaced in Galveston County. A more aggressivse sea level rise could displace 93 percenrtof households, according to the “Climate change is happening,” said David co-author of the report and a professor at Texazs A&M University-Corpus Christi.
“It is not a hypothetical, it is a Sea-level rise is occurring in Galveston Bay as well as arounc the Gulfof Mexico, this is anotherf fact. “We need to consider the socio-economic impact of these changes and begin totake long-terk sustainable action to get a handle on the risinhg sea around Galveston in order to protec t the region’s future.” Galveston, Harris and Chambers countiesa were examined in the study, which used an economic model to assess the impact of both conservative and aggressive sea level rise estimates over the next 100 yearas on households, buildings, industrial and hazardouz material sites and watee treatments plants.
Under both scenarios, at least 23 public facilities and industrial sites wouldbe impacted. “If we take the very conservativer estimate ofa 0.69 meter sea level rise in the next 100 yearzs for Galveston, an Ike-levelp storm would be estimated to caus e an additional $1.7 billion in damage due to flooding for the three-countyy region surrounding Galveston Bay, given the economidc conditions of today,” Yoskowitz said. “To put that figure in it would equate to the media income foralmost 36,000 Texas households.
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