Top 20 Cities with Billions at Risk from Climate Change

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

Photograph by Erik Hagman/Gallery Stock

Company Symbol % Change
JPMorgan Chase & Co JPM:US 1.42
21 of 22

#1 Miami, Florida, U.S.


<strong>2005 assets at risk:</strong> $416.3 billion
<strong>2070 est. assets at risk:</strong> $3.51 trillion
<strong>2005 population at risk:</strong> 2.0 million
<strong>2070 est. population at risk: </strong>4.8 million

"Unchained Goddess," a 1958 science program produced by Frank Capra, told television viewers that rising carbon dioxide emissions could melt polar ice caps, raise sea levels and inundate Miami under 150 feet of tropical water. That estimate was ludicrous but southeast Florida is nonetheless on the front line of climate change. <a href="http://www.nhc.noaa.gov/1992andrew.html">Hurricane Andrew</a> caused $25 billion in U.S. damage in 1992 from wind and storm surge, prompting a revision of building codes and storm water-management plans.

Miami-Dade County is working with four other counties in the southeast portion of the state to agree on likely impacts and potential responses to climate change.

The City of Miami, which includes the downtown financial district, isn't currently part of that process. Heavy storms already cause flooding along Brickell Avenue, a hot spot for condo development alongside Biscayne Bay that hosts such international banks as Banco Santander and JPMorgan Chase &amp; Co. That area will be among the most vulnerable as sea levels rise.

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

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