|Miami Beach, Florida|
In Miami Beach, where only 20% of sea level rise is due to land subsistence, they’re spending $400 billion to address sea level rise, for seawalls, pumps and raising roads. Some of the money comes from all Florida taxpayers, and some of it comes from a $7/month increase in monthly stormwater fees for residents.
New Jersey is spending (federal money) $300M for their Blue Acres buyout program. The state has bought 600 homes in danger of repeated flooding, using money from FEMA and US Dept of Housing and Urban Development.
The Louisiana Office of Community Development was awarded $48.3M to move 99 residents off Isle de Jean Charles, Louisiana
$14.1 billion in lost home values: Axios: "According to a new report by the nonprofit First Street Foundation, housing values in New York, New Jersey and Connecticut dropped $6.7 billion from 2005 to 2017 due to flooding related to sea level rise. Combined with their prior analysis of 5 southeastern coastal states with $7.4 billion in lost home value, the total loss in 8 states since 2005 has been $14.1 billion.”
I'm not counting this cost yet, but it's the very definition of chutzpah: The oil industry is asking for $12 B for for 60 miles of seawalls, flood gates etc. on the Texas Gulf Coast, to protect refineries from the effects of climate change. (Added: See this also.)
Some other good articles lately:
"Miami Will Be Underwater Soon. Its Drinking Water Could Go First," Christopher Flavel, Bloomberg, 8/29/18.
"Sea level rise is already costing property owners on the coast," Chris Mooney, Washington Post, 8/20/18.
"Surrendering to Rising Seas," Jen Schwartz, Scientific American, 8/1/18.