Sea level rise to cause major economic impact in the absence of further climate action
Rising sea levels, a direct impact of the Earth’s warming climate, is intensifying coastal flooding. The findings of a new study show that the projected negative economy-wide effects of coastal flooding are already significant until 2050, but are then predicted to increase substantially towards the end of the century if no further climate action on mitigation and adaptation is taken.The Paris Agreement, adopted in 2015 by 175 parties, aims to limit global warming to well below 2°C compared to pre-industrial levels. However, the period 2010–2020 was the planet’s hottest decade on record and