(Bloomberg) -- More than half the U.S. population lives in coastal areas that are “increasingly vulnerable” to the effects of climate change, which will ripple throughout the U.S. economy, a White House advisory group’s report concluded.
The report released today enumerates the impact across the U.S., including a 71% increase in heavy rain and snow in the Northeast during the past half-century and an increased risk from hurricanes linked to higher sea levels.
The warming climate will affect broad sectors of the economy, from infrastructure along the densely populated corridor from Washington to New York to Boston, to crops in the Midwest farm belt to water supplies in growing cities of the Southwest, the authors concluded.
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