Moodys Analytics came out with a report on how climate change is going to affect various regions of the US, The Impact of Climate Change on U.S. Subnational Economies. They issued the report because they believe climate change will increasingly affect business and governmental decision-making.
Not surprisingly they found that coastal cities (rising seas levels) and the south (heat ) will suffer the most. The overall findings were,
-Exposure to acute and chronic physical risk and the risk associated with a transition from fossil fuels are the foundation of regional climate change forecasts and have a critical role along the coasts.
-Early policy action generally causes less economic pain, but it and the late adoption of climate mitigation strategies put energy-producing regions in the most economic peril.
-Absent policy changes, large coastal states like California, Florida and New York are especially vulnerable, while more inland northern economies will emerge only slightly worse off, with a handful of small metro areas possibly benefiting slightly.
-House prices face crosscurrents, as demographics and insurance costs drive prices lower in more vulnerable areas, but supply destruction will put some upward pressure on prices.
Much of this echoes what has been written on this blog for several years. I do believe the northeast and upper Mideastt/west are going to experience a large influx of climate migrants.
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