Rising seas could cost Australia economic losses of $855 billion, study finds
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Rising sea levels due to climate change could damage hundreds of thousands of properties and millions of hectares of land along Australia’s coastline by 2100, according to a recent study. This could cost the country an economic loss of $855 billion, researchers estimate. To calculate the costs, researchers in Australia used existing projections of sea level rise and storm surges to map out the areas that could suffer flooding by 2100. Then they identified all the houses, properties, agricultural
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