Maryland will need $27.4 billion to fortify coastal communities from sea level rise in the next 20 years.
That’s the startling assessment of a study released late last month that calculates how much the U.S. will need to spend on sea wall construction and enhancement between now and 2040 to protect communities from climate change – using conservative estimates on sea level rise.
The study, called “High Tide Tax: The Price to Protect Coastal Communities from Rising Seas,” comes from the Center for Climate Integrity, a group that seeks to make the oil and gas industry pay for the environmental damage caused by climate change. The center, based in Washington, D.C., is part of the larger Institute for Governance and Sustainable Development.
“Our collective failure to come to grips with the massive costs of climate adaptation is the latest, and most delusional form of climate denial,” said Richard Wiles, executive director of the Center for Climate Integrity.
Click here to read the rest of the article written by Josh Kurtz over at Maryland Matters
