Aug 19, 2013 11:07 AM EDT
Climate Change: Flood Losses in Major Cities Could be Over $50 Billion by 2050
It turns out that climate change is a lot more expensive than we may have given it credit for. As temperatures warm and sea levels rise, there's expected to be more than a nine-fold increase in the global risk of floods in large port cities. This, in turn, could cost more than $50 billion by 2050.