2026-09-09 23:03 UTC
Sea level rise threatens more than a quarter of a million properties as bill surges to $855b
"Climate change means Australia's love of the coast is facing a multi-billion-dollar reckoning, research suggests, as rising seas threaten to turn its prized coastal lifestyle into a question of who will foot the bill: property owners or governments."
"Australia could face damage costs of more than $850 billion, with more than $274 billion going to property losses and $580 billion spent on land-use damage."
"We keep warming the planet … so you get more sea level rise, you get higher tides, higher king tides, higher maximum tides," the professor of environmental economics and biosecurity at the University of Melbourne said." >>
https://www.abc.net.au/news/2026-09-10/sea-level-rise-threatens-267000-properties/107131270
#FossilFuels #SeaLevelRise #CoastalFlooding #Climate #ClimateCost #Coast #loss #FoodSecurity #BellingeShire
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