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Vancouver Considers Abandoning Parts of the Coast Because of Climate Change

posted by janrinok on Sunday November 27 2016, @08:31PM   
from the run-away,-run-away! dept.

driven writes:

According to this article, Vancouver, Canada officials have put out a report that lays out options for dealing with sea level rise. Three generic strategies evaluated are: Adapt, Protect, or Retreat, the last of which means that for some parts of the city, people might just need to "get out of the way". In that case, the city would buy up homes and remove infrastructure over a period of several decades. It's not an easy thing to ask for people to leave their homes decades before an area is flooded.

By the year 2100, 13 square kilometers of Vancouver (containing around 4,000 households worth $7 billion) will be on floodplains so action needs to be taken soon to protect them. Areas like Jericho Beach and the Fraser River are already experiencing more frequent flooding.

First, Vancouver will publicize its plans then gauge public reaction. The world will be watching.

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Original Submission

• Re:4,000 households worth $7 billion Re:4,000 households worth $7 billion (Score: 0) by Anonymous Coward on Monday November 28 2016, @01:12AM

  by Anonymous Coward on Monday November 28 2016, @01:12AM (#433855)

  You think insurance companies will pay out for this? lmao.

  Parent

• Re:4,000 households worth $7 billion Re:4,000 households worth $7 billion (Score: 0) by Anonymous Coward on Monday November 28 2016, @09:45AM

  by Anonymous Coward on Monday November 28 2016, @09:45AM (#433965)

  No, I think insurance companies will end up paying if homes, buildings, infrastructure, etc, etc still exists in these locations and the sea swallows them up.

  Parent

  • Re:4,000 households worth $7 billion Re:4,000 households worth $7 billion (Score: 2) by TheRaven on Monday November 28 2016, @12:28PM

    by TheRaven (270) on Monday November 28 2016, @12:28PM (#433999) Journal

    I think those insurance premiums are going to get higher each year until the insurance companies have made enough money that they can happily pay out and still make a lot of money. Of course, they won't pay out because the premiums will hit the point a few years before they'd need to pay out where rational people would notice that it's cheaper to write off the cost of the house than keep paying the premiums.

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    sudo mod me up

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    • Re:4,000 households worth $7 billion (Score: 0) by Anonymous Coward on Monday November 28 2016, @07:46PM

      by Anonymous Coward on Monday November 28 2016, @07:46PM (#434175)

      If Canadia is anything like America then insurance on the buildings, roads, infrastructure, etc will be mandated by law.

      Parent