Australia Sea Level Rise Will Rack Up $200 Billion Bill by 2100

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Major coastal cities in Australia, that vast southern continent of perpetual surf, sun and endless barbeques, are facing a climate change bill of more than $203 billion in commercial, industrial and residential assets by the end of thisย century.

A new reportย by the Climate Council of Australia, Counting the Costs: Climate Change and Coastal Flooding, has found that coastal flooding and erosion caused by global warming will become a significantly larger problem with a projected sea level rise of 1.1 metres byย 2100.

The report found that Australia is highly vulnerable to increasing coastal flooding because its cities, towns and critical infrastructure are mainly located on theย coast.

Australiaโ€™s infrastructure has been built for the climate of the 20th century, the report said, and is unprepared for rising seaย level.

โ€œCoastal flooding is a sleeping giant,โ€ the report said, โ€œIf the threat of sea level rise is ignored, the projected increases in economic damage caused by coastal flooding areย massive.โ€

The 74-page report pointed out that the nation needs deep and urgent cuts in greenhouse gas emissions this decade and beyond if it is to avoid the most serious risks from rising sea levels and coastalย flooding.

Noting many Australians live on or near the coastal centres of Sydney, Melbourne, Brisbane, Perth, Adelaide, Hobart and Darwin, the report said more than half of the nationโ€™s coastline is vulnerable to erosion from rising seaย level.

โ€œIn addition to the many lifestyle amenities from living on the coast, much of the nationโ€™s critical infrastructure โ€” transport, commercial, residential, defence โ€” is located along our coastlines,โ€ the reportย said.

โ€œVirtually all of this infrastructure has been designed and built for a stable climate with known ranges of variability. But the climate system is no longer stable. Sea levels are rising and so are the risks they pose for our coastalย infrastructure.โ€

Published by The Climate Council, a non-profit organization funded by donations by the public, the report rising sea levels pose risks for many of Australiaโ€™s species and iconic natural places, such as Kakadu National Park and the Great Barrierย Reef.

The report also said rising sea levels are eroding the viability of coastal communities on islands in the Torres Strait and the Pacific, and in low-lying areas of Asia, increasing the likelihood of migration andย resettlement.

Noting that climate change exacerbates coastal flooding from storm surges, the report also said that without adaptation coastal flooding around the world by 2050 could cost $1 trillion per year, which is about the size of Australiaโ€™sย economy.

By 2100 the losses from coastal flooding are projected to be 0.3โ€“9.3% of global GDP per year, the report said. โ€œThe high-end projection is a scenario for global economicย collapse.โ€

Saying that over half the Australian coastline is vulnerable to erosion from rising sea levels, the report noted it is not only human infrastructure that is at risk from rising sea levels and coastalย flooding.

โ€œLarge stretches of Australiaโ€™s coasts that are vulnerable to sea-level rise include coastal wetlands, saltmarshes, mudflats, mangroves, seagrass beds, rocky shores and sandy beaches,โ€ the report said. โ€œThese provide important habitats for many species, including commercially and recreationally important fish andย shellfish.โ€

The tourism sector, one of the nationโ€™s most important economic drivers, is also vulnerable, the reportย said.

โ€œOur spectacular coastline and natural marine habitats are central attractions for domestic and international visitors. Rising sea levels and increased coastal flooding pose great risks to the maintenance of our beaches and the attractiveness and access of many of our prime natural touristย attractions.โ€

The report concluded that the enormous risks of sea-level rise can be ultimately managed only by stabilising the climateย system.

โ€œThis requires that greenhouse gas emissions are reduced deeply and quickly, and that the transition to a carbon-free global economy is achieved this century, the sooner the better. This is the critical decade for action. Now is the time to get on with theย job.โ€

The independent Climate Council was formed after Australian Prime Minister Tony Abbottโ€™s right-wing government dismantled the Climate Commission in September 2013. The federal government also cancelled the nationโ€™s carbon tax in July. Abbott reportedly once referred to scientific evidence of climate change as โ€œabsolute crap.โ€

Image credit: Australia flag wooden sign on beach via Shutterstock.

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