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| Fig. 1 U.S gets the worst sea level rise (SLR) |
At 26:35 on one of the videos below, Professor Mitrovica points out that this reality we live in now is going to continue, because the U.S. is a focal point of Global Warming Induced Climate Change, specifically by sea level rise (SLR)now (cf. Fig. 1).
It will literally destroy, not merely damage, the part of global international trade conducted through U.S. and other sea ports (The 1% May Face The Wrath of Sea Level Rise First, Greenland & Antarctica Invade The United States, 2, 3; Why The Military Can't Defend Against The Invasion, Weekend Rebel Science Excursion - 44).
The American East Coast today, now, is a center of the high point of SLR, and will continue to be so (ibid, cf. Will This Float Your Boat - 10).
At an ecological conference considering those economic damage factors, which these climate change events are creating now, and have been creating for decades, is pointed out by an "insurance specialist" in the first video below.
The world renowned insurance company, Munich RE, sent Dr. Peter Hoeppe to explain how insurance company payouts now, due to climate change, have sky-rocketed.
He points out that these now accelerating payouts involve economic calamities that have been going on for "thirty years."
He closes the video presentation by explaining that current computer software models have habitually projected worsening conditions, however, they have also habitually underestimated the degree of those worsening conditions (A Paper From Hansen et al. Is Now Open For Discussion).
The fact is that SLR is a clear and present economic danger now, yesterday, and tomorrow:
"The surge that's scheduled to hit the American coastline Wednesday isn't coming from a hurricane, but it could still leave a feeling of helplessness in its wake.Go ahead and tell those people who are suffering an economic impact now, that they need to worry about their great, great, grandchildren when it comes to SLR and other climate change factors.
Flood insurance rates are set to skyrocket when a new bill goes into effect on April 1. Known as the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA), it's going to drive the prices of flood insurance plans through the roof for residents of all U.S. coastlines.
How much could they increase? In some areas where flood maps show maximum risk, premiums that were previously $500 could be raised to as much as $20,000 a year or more, according to estimates released in 2013.
"My insurance is more than my mortgage," said Nancy Loft-Powers, a resident of Deerfield Beach, Florida, who told the Washington Post that her premium will be raised from the $7,500 she already pays annually. "I live by the beach in an old neighborhood. I pay [too much] insurance for a crap house that’s not great." (Flood Insurance Rates To Increase, emphasis added)
"McLaughlins’ flood insurance renewal came with a whopping rate hike of $21,000. McLaughlin said he’s convinced FEMA intentionally kept consumers and real estate and mortgage companies in the dark about the rate increases.
The astronomical increase also took McLaughlin’s mortgage holder by surprise. An oversight of this magnitude tends to expose lenders to more risk because homeowners likely can’t afford to pay for the new policies." ($24,000 Insurance Policy, emphasis added).
"Congress ordered a rate increase because the National Flood Insurance Program (NFIP) managed by the Federal Emergency Management Agency is $24 billion in debt. It reached that historic amount because revenue from the discounted premiums could not cover payments on flood claims, particularly after two devastating hurricanes, Katrina and Sandy, on the Gulf and Atlantic coasts.
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Rising sea levels from climate change make coastal living even more dangerous, conservationists say. And the flood-insurance program that went into the red paying flood claims is deep in debt to a U.S. treasury funded by taxpayers, advocates say." (Rising Waters, Flood Debt, emphasis added)
Tell them that they are only imagining this, because it is not an economic problem now.
But, they will know you are a clueless kook (Inhofe's One Man Troofiness Crusade), because they, unlike deniers, are in touch with the reality of where they are now (You Are Here).
This is a very serious economic problem now, not just for the millions who have homes and other buildings on the sea coast that are being damaged now, or to those whose economic safety is endangered by $24,000 a year flood insurance policies.
Economic impact is growing at an exponential rate as billions of dollars are being spent now by federal, state, county, and municipal sea port authorities and other infrastructure regulators and risk managers.
Those officials are hiring architectural and construction companies to present plans to cope with the now and the future (New Climate Catastrophe Policy: Triage - 12).
The problem they feel now, and face continually into the future, has recently been exacerbated by the addition of SLF to the sea level change (SLC) phenomenon.
Trillions upon trillions of dollars, euros, yuans, marks, rubles, pesos, and other currencies have been, are now, and will continue to be spent by port authorities to contemplate, design, remodel, reconstruct, and/or relocate sea ports.
That is, once they figure out if their particular sea port is going to suffer from the now ongoing SLF or the now ongoing SLR form of SLC (Peak Sea Level - 2).
The East Coast of America, now, has the highest SLR, and has had it for years.
Yes, America is number one in SLR today, and will continue to have it that way (Social Dementia Causes Heated Misunderestimations - 2, Will This Float Your Boat - 3, Agnotology: The Surge - 16, and see Professor Mitrovica in the second video below).
The previous post in this series is herenow.
Prof. Dr. Peter Hoeppe:
Prof. Dr. Jerry Mitrovica: