By the year 2100, coastal flooding could impact as much as 20% of global GDP, a new study finds.
As much as 20% of global gross domestic product could be threatened by coastal flooding by the end of the century if no action is taken, according to a new report published Thursday in Springer Nature.
Residents take pictures and explore the catastrophic damage to downtown Sanford following extreme flooding throughout central Michigan on May 20, 2020 in Sanford, Michigan.As much as 20% of global gross domestic product could be threatened by coastal flooding by the end of the century if no action is taken, according to aThe research, conducted by scientists at the University of Melbourne, found that by 2100 an additional 287 million people, or 4.
"Projected sea level rise will significantly increase the frequency of coastal flooding by 2100, with results herein showing that for most of the world, flooding associated with a present day 1 in 100-year event could occur as frequently as once in 10 years, primarily as a result of sea level rise," the report said.
The total assets exposed to coastal flooding is set to increase from 9% to 13% of global GDP today, to between 12% and 20% by 2100.
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