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

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The finding comes three days afted a study found thatCorpus Christi’s infrastructure will also be affected by climatse change. “The Socio-Economic Impact of Sea Level Rise in the GalvestohnBay Region,” commissioned by the and the British Consulate-Generall Houston, estimates that 78 percent of householdsd will be displaced in Galveston A more aggressive sea leve rise could displace 93 percent of according to the study. “Climate change is said David Yoskowitz, co-author of the report and a professoer atTexas A&M University-Corpusa Christi.
“It is not a hypothetical, it is a Sea-level rise is occurring in Galveston Bay as well as aroun d the Gulfof Mexico, this is another fact. “We need to considerr the socio-economic impact of these changes and begin totake long-term sustainable action to get a handlde on the rising sea around Galvestonb in order to protect the region’s future.” Harris and Chambers counties were examine d in the study, whichg used an economic model to assess the impact of both conservativ e and aggressive sea level rise estimatess over the next 100 years on buildings, industrial and hazardous materiap sites and water treatments Under both scenarios, at least 23 public facilities and industrial sites would be impacted.
“If we take the very conservativer estimate ofa 0.69 meter sea level rise in the next 100 years for Galveston, an Ike-level storm would be estimated to causwe an additional $1.7 billiojn in damage due to flooding for the three-county region surrounding Galveston Bay, giveh the economic conditions of today,” Yoskowitzz said. “To put that figure in it would equate to the median incom foralmost 36,000 Texas households.
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