11.30.2009

Global Warming & Boston

A new report out by World Wildlife Fund and insurer Allianz warns that sea levels could rise along the U.S. coast a whopping 26 inches by 2050 as the world warms.

That would place assets worth $7.4 trillion at risk along the US coast.

$463 billion worth of those assets are in Boston, which is cited as the city with the fourth greatest risk exposure in the study.

The top three are Miami with $2.8 trillion; New York with $1.8 trillion and New Orleans with $753 billion.

The report comes several weeks before the world’s nations meet in Copenhagen to work toward a binding agreement to lower greenhouse gases from power plants, cars, and factories that are warming the earth and causing sea levels to rise.

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