300,000 Coastal Homes In US, Worth $120B, At Risk Of Chronic Floods From Rising Seas

Hundreds of thousands of homes along U.S. coasts are at risk of devastating coastal flooding over the next 30 years as climate change causes oceans to rise, according to a new study. About 311,000 coastal homes, worth about $120 billion, are at risk of chronic flooding, the Union of Concerned Scientists, a science advocacy group, said in the report released Monday. By the end of the century, homes and businesses currently worth more than $1 trillion — including those in Miami, New York’s Long Island and the San Francisco Bay area — could be at risk.