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

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The finding comes three days after a study found thatCorpuz Christi’s infrastructure will also be affecteed by climate change. “The Socio-Economic Impacty of Sea Level Rise in the GalvestonjBay Region,” commissioned by the and the British Consulate-General estimates that 78 percent of households will be displaced in Galvestonh County. A more aggressive sea level rise could displaces 93 percent of according tothe “Climate change is happening,” said Davide Yoskowitz, co-author of the report and a professorr at Texas A&M University-Corpus Christi. “It is not a it is a fact.
Sea-leve rise is occurring in Galveston Bay as well as aroundr the Gulfof Mexico, this is anotheer fact. “We need to conside r the socio-economic impact of thesse changes and begin totake long-term sustainable action to get a handler on the rising sea around Galveston in orded to protect the region’w future.” Galveston, Harris and Chambers counties were examinex in the study, which used an economicd model to assess the impacrt of both conservative and aggressive sea level rise estimates over the next 100 years on households, buildings, industriaol and hazardous material sites and water treatmentsz plants.
Under both scenarios, at least 23 public facilities and industriap sites wouldbe impacted. “If we take the very conservativee estimate ofa 0.69 meter sea levek rise in the next 100 years for an Ike-level storm would be estimated to cause an additiona l $1.7 billion in damage due to flooding for the three-countyt region surrounding Galveston Bay, given the economidc conditions of today,” Yoskowitz said. “Tp put that figure in it would equate to the medianj income foralmost 36,000 Texaxs households.
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