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Coastal Regions In Danger Due To Rising Sea Levels

Rise of sea levels can impact global markets

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What's going on?

Greenland was hit by the heatwave that affected Europe at the end of July 2019. The heatwave melted away 12 billion tons of water from the ice sheet causing sea levels to rise around the world. This meltdown is one of the largest since 2012 when 97% of Greenland’s ice sheet melted away. This time, over 60% of Greenland’s surface melted with temperatures over 25 to 30 degrees Fahrenheit higher than average according to computer model simulations.

 

Greenland happened to be the biggest contributor to sea-level rise, threatening to damage property value in coastal regions and affecting global markets. If all of Greenland’s ice melted, sea levels worldwide would rise over 6 meters and the recent meltdown permanently raised sea levels by 0.1 millimeters. 80 billion tons of Greenland’s ice was melted away in June alone, and the numbers doubled in July according to the National Snow and Ice Data Center. The bigger concern, however, is the fact that the ice melt has serious ramifications for coastal communities.

 

Sea-level rise threatens to displace almost 200 million people by the year 2100. Increased storms and flooding are lowering property value and increasing costs in the United States affecting 40% of its population. The measurable amount of sea-level rise translates into lower property value on every coastal city in the world. However, scientists indicated that there is still time to fight the human-caused climate change and limit ice loss in Greenland. If greenhouse gas emissions can be reduced to slow down global warming, the sea-level rise can be slowed down.

SOURCE

Extreme ice melt in Greenland threatens coastal communities across the world

https://www.cnbc.com/2019/08/01/extreme-ice-melt-in-greenland-threatens-coastal-communities-scientists-warn.html
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