unique research addresses the economic costs of damages associated with sea level rise
As humans add greenhouse gases to the atmosphere,it not only warms the planet, but also raises the oceans. Ocean waters are rising for a number of reasons including thermal expansion of water (as water warms, and it expands to a larger volume),as well as ice melt which then flows as liquid into the ocean. My next post will cover four recent studies that quantify how much ocean levels will rise in the future. However, here I will focus on the economic costs of rising seas.
A paper was just published by Drs. Boettle, and Rybski and Kropp that dealt with this question. The authors of this study note that if you are concerned about societal and economic costs,the rate of sea rise isn’t the entire sage. Much of the damage is caused by extreme events that are superimposed on a rising ocean. Damage is highly nonlinear with sea rise.
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Source: theguardian.com