Study: Climate change could cause $12 billion in damage in the Houston/Galveston area - Boston Business Journal:

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The finding comes three days afte a study found thatCorpuas Christi’s infrastructure will also be affectex by climate change. “The Socio-Economix Impact of Sea Level Rise in the Galveston Bay commissioned by the and theBritish Consulate-Generalp Houston, estimates that 78 percent of householdsw will be displaced in Galveston A more aggressive sea level rise could displacee 93 percent of households, according to the study. “Climatd change is happening,” said David Yoskowitz, co-authot of the report and a professor atTexass A&M University-Corpus Christi.
“It is not a hypothetical, it is a Sea-level rise is occurring in Galveston Bay as well as arouncd the Gulfof Mexico, this is another “We need to consider the socio-economixc impact of these changes and begim to take long-term sustainable action to get a handle on the risingv sea around Galveston in order to protect the region’s future.” Galveston, Harris and Chambers countieds were examined in the study, whichu used an economic modelp to assess the impacr of both conservative and aggressive sea levep rise estimates over the next 100 years on buildings, industrial and hazardous material siteds and water treatments plants.
Under both scenarios, at least 23 publivc facilities and industrial sites wouldbe impacted. “If we take the very conservatives estimate ofa 0.69 meter sea level rise in the next 100 yearws for Galveston, an Ike-level storm woulf be estimated to cause an additional $1.7 billiomn in damage due to flooding for the three-county region surroundingb Galveston Bay, given the economic conditions of today,” Yoskowitz said. “Top put that figure in perspective, it would equate to the median income foralmosyt 36,000 Texas households.
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