Sinking Down Under?
A new report predicts that parts of coastal Australia will fall into the sea – abandoned by governments which are refusing to finance combative measures. “Coastal towns will be left to fall into the sea by governments in Australia that won’t cough up the money to combat rising sea levels over the next 50 years. Billions of dollars will be wiped from the value of almost 250,000 homes at risk of flooding by the end of this century, including some of the most exclusive addresses in the country. Property-owners could face the prospect of selling their land to governments in cut-price deals and leasing it back while they make alternative arrangements to move to safer areas in five- or 10-year relocation plans. A bleak report by the Department of Climate Change has predicted a 1.1-meter sea level rise around the coast of Australia over the next 100 years. The study outlines the stark dangers of climate change… The destruction of picturesque coastlines and tourist trade aside, sea level rises and storm surges will have a huge impact on infrastructure for trade, transport and industry. Planning for those changes will require huge capital investments. Tropical cyclones and storms are also expected to intensify, which could lead to major destruction — and cost.”