The US as a whole is in good shape; much of the US is way above sea level. Russia, which has almost no useful coastline, will be fine.
The US as a whole is in good shape; much of the US is way above sea level. Russia, which has almost no useful coastline, will be fine.
NYC alone has real estate price of ~$1 trillion.
The local solution in this context at least has the benefit of having well defined goals where individual agents act out of there own easy to understand best interest. i.e: My house in Florida is flooding- I'm going to move to a different state. i.e: New York City is flooding and I'm a property developer- I'm going to build high rises somewhere close to NYC but at +30 m elevation.
If your house in Florida is flooded and you move to Montana, you merely avoided the problem. I'm not saying it's wrong of you; it's the rational action for an individual. But it didn't solve anything any more than refugees fleeing Syria have solved the problem of war in Syria. And, just like Syria, some people will have to foot the bill this way or that.
I don't think there are any real problems directly caused by global warming in rich countries. Price information, including insurance costs, will be enough.
Second order effects like changes in the viability of crops may affect food security (but I expect climate change to make crops more viable elsewhere, or a different production mix), and economic (but warming related) migration will be a continuing and increasing challenge. International migration of farmers is probably the biggest problem I see.
International coordination of action is not going to happen or make any real difference without threat of military force, and I don't buy the idea that the problems will be acute and obvious enough to justify that. You can't fight tragedy of the commons without an overarching authority which we don't have. Countries will cheat for local gain. Global climate change politics is mostly a waste of time unless people are willing to start wars over failures to curb emmissions, and I just don't see it. People are much more willing to start wars over migration pressures, so I think that's what we'll see.
That negative sentiment will take on a life of its own.