Study Projects $12 Billion In Houston Property Losses As Seas Rise Over 100 Years

[hatrack]

A new study suggests more than 100,000 households will be displaced and more than $12 billion infrastructure losses suffered as a result of climate change raising the sea level in the Galveston area over the next 100 years.

The finding comes three days after a Texas A&M University study found that Corpus Christi’s infrastructure will also be affected by climate change.

“The Socio-Economic Impact of Sea Level Rise in the Galveston Bay Region,” commissioned by the Environmental Defense Fund and the British Consulate-General Houston, estimates that 78 percent of households will be displaced in Galveston County. A more aggressive sea level rise could displace 93 percent of households, according to the study.

“Climate change is happening,” said David Yoskowitz, co-author of the report and a professor at Texas A&M University-Corpus Christi. “It is not a hypothetical, it is a fact. Sea-level rise is occurring in Galveston Bay as well as around the Gulf of Mexico, this is another fact.

EDIT

http://houston.bizjournals.com/houston/stories/2009/06/01/daily51.html?s=