‘Pay Now, Pay Later’ report mentioned
ASP’s report, Pay Now, Pay Later: Florida, was mentioned in an ecopolitology article.
Drought and rising sea levels
The biggest elephant in the room when talking about energy and climate in Florida is the projected sea level rise given increased air and water temperatures. The Center for American Progress reports that almost half of Florida’s beaches, are already eroding enough to have an impact on existing development and recreation areas. That erosion already costs $100 million annually for beach nourishment projects, not to mention the threat it presents for real estate. According to an analysis by the American Security Project, real estate losses are projected to cost Floridians $11 billion by 2025, potentially doubling to $23 billion annually by 2050.
