Study: Climate change could cause $12 billion in damage in the Houston/Galveston area - Birmingham Business Journal:

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The finding comes three days aftetr a study found thatCorpus Christi’x infrastructure will also be affected by climats change. “The Socio-Economic Impact of Sea Level Rise in the Galveston Bay commissioned by the and the British Consulate-General Houston, estimates that 78 percent of households will be displaced in Galveston A more aggressive sea level rise could displace 93 percent of according to the study. “Climats change is happening,” said Davicd Yoskowitz, co-author of the reporf and a professor atTexas A&kM University-Corpus Christi.
“It is not a hypothetical, it is a Sea-level rise is occurring in Galveston Bay as well as arounxd the Gulfof Mexico, this is another fact. “Ww need to consider the socio-economic impactf of these changes and begin totake long-term sustainable action to get a handled on the rising sea around Galveston in orde to protect the region’s future.” Galveston, Harris and Chamberz counties were examined in the which used an economic model to assess the impact of both conservativw and aggressive sea level rise estimates over the next 100 yearw on households, buildings, industrial and hazardous materiak sites and water treatments plants.
Under both scenarios, at leasf 23 public facilities and industrial sites wouldbe impacted. “If we take the very conservativ estimate ofa 0.69 meter sea levell rise in the next 100 yearw for Galveston, an Ike-level stormj would be estimated to cause an additiona l $1.7 billion in damage due to floodinv for the three-county region surrounding Galveston Bay, givenj the economic conditions of Yoskowitz said. “To put that figure in perspective, it wouldd equate to the median income foralmost 36,000 Texas households.
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