Top 20 Cities with Billions at Risk from Climate Change

By Eric Roston - 2012-07-06T03:32:54Z

Photograph by Andreas Ackerup/Link Image/Gallery Stock

Company Symbol % Change
JPMorgan Chase & Co JPM:US 0.43
19 of 22

#3 New York and Newark, U.S.


<strong>2005 assets at risk:</strong> $320.2 billion
<strong>2070 est. assets at risk:</strong> $2.1 trillion
<strong>2005 population at risk::</strong> 1.5 million
<strong>2070 est. population at risk: </strong>2.9 million

New York is the second wealthiest city on this list, but protections are only good enough to hold off a once-in-a-century deluge event. That's less than the security for London, Tokyo, Amsterdam and Shanghai, the OECD said.

In a 2006 <a href="http://articles.latimes.com/2006/jul/02/opinion/op-gilbert2">op-ed piece</a> suggesting reasons for inaction against climate change, Harvard psychology professor Daniel Gilbert once wrote: "No one seems to care about the upcoming attack on the World Trade Center site. Why? Because it won't involve villains with box cutters. Instead, it will involve melting ice sheets that swell the oceans and turn that particular block of lower Manhattan into an aquarium.

"The odds of this happening in the next few decades are better than the odds that a disgruntled Saudi will sneak onto an airplane and detonate a shoe bomb," Gilbert says. "And yet our government will spend billions of dollars this year to prevent global terrorism and ... well, essentially nothing to prevent global warming."

<em>Read more <a href="http://www.bloomberg.com/sustainability/">energy &amp; sustainability news</a>. </em>

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