Public News Service: "Report: Rising Sea Levels to Impact Chesapeake Bay Region's Economy"
A piece syndicated across Virginia radio stations discusses a new RFF report about job loss due to Chesapeake Bay sea level rise.
A new report finds rising sea levels in Chesapeake Bay will cost the surrounding regions jobs.
The Resources for the Future report finds, in Virginia's Chesapeake Bay area, almost 180,000 - or 7.4% of jobs in the region - will be exposed to 100-year floods by 2050.
In turn, this means $6.1 billion in wage income is at risk during the same period.
Of Virginia's 134 counties, 42 will be impacted by rising sea levels by 2050.
Yanjun "Penny" Liao, a fellow with Resources for the Future and a co-author of the report, said some state-level solutions involve better coordination between resilience planning and economic-development incentives.
"So, in order for the economy to adapt to increasing risk in some of these highly exposed areas, it's important to structure what the grants are doing," said Liao. "And, don't put it in the most exposed places."
Press Release — May 4, 2023
Sea Level Rise in the Chesapeake Region May Expose Over 263,000 Jobs to Flood Risk by 2050
A new working paper has found that, due to sea level rise, approximately 87,000 more jobs near the Chesapeake Bay will be at risk of a 100-year flood event in 2050 compared to present.
Working Paper — May 4, 2023
Jobs at Risk: Sea Level Rise, Coastal Flooding, and Local Economies
This study assesses the exposure of local economies to tidal flooding in the Chesapeake Bay region, finding that nearly 50% more jobs will be exposed to 100-year flooding in 2050.
Common Resources — May 4, 2023
Climate-Smart Economies: Coordinating Economic Development with Resilience Planning
Coordinating policies that spur job creation and improve community resilience can help mitigate the impacts of climate change on local infrastructure, jobs, and economies in the Chesapeake Bay region.