President Biden’s Historic Climate Change Bill Has a Fatal Flaw that Could Actually Cause More Global Warming and Sea Level Rise

Washington has always been a place that thrives on compromise. When it comes to global warming and sea level rise, however, the planet can’t afford legislation that takes us one step forward and one or more steps back, leaving us on-track for more environmental devastation than we’re already seeing.

But that’s what we got when President Biden signed a climate change measure in August that both encourages the expanded use of renewable energy sources and improved energy efficiency while also guaranteeing that oil and gas companies will have expanded drilling opportunities in the Gulf of Mexico and Alaska. More oil and natural gas means more fossil fuel burning which means the release of more greenhouse gases into the atmosphere and, of course, more global warming and sea level rise.

On the positive side, Pres. Biden’s historic climate measure, which was tucked into the Inflation Reduction Act, invests a record $369 billion over the next decade in the war against global warming. Among the projects that will be funded are $128 billion in tax credits for businesses to shift to renewable sources of power, such as solar panels, $60 billion to promote the development of US-manufactured clean-energy technologies, such as electric vehicles and solar panels, and billions of dollars in the development of environmentally friendlier jet fuels. There are also billions of dollars in tax credits to help people purchase electric vehicles and improve household energy efficiency.

On the negative side, to get the climate-fighting measure passed in the Senate, Pres. Biden had to throw a bone to West Virginia Democratic Sen. Joe Manchin, who lives in a coal producing state and is a recipient of oil and gas donations. Up until this summer, Pres. Biden had cut back on opportunities for new offshore drilling to protect the climate. However, to get Sen. Manchin to sign off on the climate friendly aspects of the his bill, Pres. Biden had to mandate the leasing of vast areas of public lands and Gulf Coast tracts to oil and gas companies. In a perverse twist, whenever the Biden administration seeks to install solar and wind projects on public lands, it has to offer new oil and gas leases to energy companies.

With increased development and burning of fossil fuels tied directly to the development of large-scale renewable energy sources, like solar and wind farms, it’s unclear whether Pres. Biden’s much-heralded climate-fighting legislation will ever have its intended effect. Some analysts told PBS Newshour that they expect both oil and gas production and emissions will continue to grow, which is certainly bad news for people concerned about our warming planet and the environmental disasters we’re already seeing that are sure to grow worse in the years to come. It’s also possible that Pres. Biden sees this as a critical first step in committing the nation to battling climate change, and we’ll see additional legislation that offsets the giveaways to oil and gas concerns in the coming years. Or maybe his efforts to drive down the demand for fossil fuels will be so successful that new oil and gas leases won’t be necessary.

The most important point to keep in mind in our effort to combat climate change is that the we can’t fool the planet. If the end result of this legislation is that greenhouse gas emissions are not actually reduced but are allowed to stay the same or actually increase, the planet will follow the basic laws of science and continue to warm with devastating results for us all.

New Climate Report Confirms We’re Headed in the Wrong Direction on Global Warming and Sea Level Rise

The concentration of human-produced gases that are driving climate change and sea level rise reached record highs in 2021 and that’s bad news on several fronts, according to the State of the Climate Report issued this week by the U.S. National Oceanic and Atmospheric Administration.

“The data presented here in this report are clear — we continue to see more compelling scientific evidence that climate change has global impacts and shows no sign of slowing,” said Rick Spinrad, Ph.D., NOAA’s Administrator, in an article posted on the agency’s website. “With many communities hit with 1,000 year floods, exceptional drought and historic heat this year, it shows that the climate crisis is not a future threat but something we must address today as we work to build a Climate-Ready Nation — and world — that is resilient to climate-driven extremes.”

Among the report’s notable finding:

  1. Earth’s greenhouse gases — carbon dioxide, methane and nitrous oxide — were the highest on record, with carbon dioxide reaching levels not seen in a million years.
  2. The Earth continues to warm, with 2021 being the sixth warmest year on record and the last seven years being the warmest ever recorded since measurements began being taken in the latter part of the 1880s.
  3. Ocean heat content reached a new high in 2021, which is especially troublesome since 50 percent of sea level rise is due to the expansion of the ocean as the water heats up.
  4. For the tenth year in a row, global average sea level rose to a new record.

NOAA released the 32nd annual State of the Climate Report with the hope that the data will be used to spur the world into action and reduce the amount of fossil fuels — coal, oil and natural gas — burned around the world. The United Nations has been warning for years that nations must curtail greenhouse gas emissions or we will face global catastrophe. “The evidence is irrefutable: greenhouse gas emissions are choking our planet & placing billions of people in danger,” UN Secretary General Antonio Guterres tweeted last year. “Global heating is affecting every region on Earth, with many of the changes becoming irreversible. We must act decisively now to avert a climate catastrophe.”

Coastal communities and real estate owners in the U.S. are already spending billions of dollars to address coastal flooding due to sea level rise. Every year the world doesn’t reduce greenhouse gas emissions will add to the cost and destruction of property and the environment.

Coastal Real Estate Owners Shouldn’t Take Comfort In New Study That Predicts Greenland Ice Melt Will Raise Sea Level By Nearly a Foot

This past week, major news outlets published articles about a study by geologists from the National Geological Survey of Denmark who said that even if greenhouse gas emissions ceased today, Greenland’s glaciers would melt enough to contribute nearly a foot to average global sea level. In addition, the study published in the journal “Nature Climate Change” said if global warming continues at the current pace, Greenland could add more than two feet to global sea level.

The researchers didn’t give a specific time frame for the sea level rise, but it’s assumed it would occur gradually over the next 100 to 150 years. Their main point is that the amount of greenhouse gases — carbon dioxide and methane currently in the atmosphere — has created a situation where Greenland will release a minimum of nearly a foot of glacial melt into the ocean no matter what we do.

Buyers and owners of real estate located in coastal communities who think a foot of sea level rise isn’t much shouldn’t find comfort in the report. First of all, it’s important to consider that the foot on-average of sea level rise that has accumulated so far due to global warming is already causing costly flooding in many coastal communities, and the number, severity and distribution of these flooding events is growing every year.

Next, it’s important to note that Greenland is only one small piece of the sea level rise puzzle. According to scientists, ice melt in Greenland has only contributed about 20 percent of total sea level rise so far. Ice melt in Antarctica has also caused about 20 percent of the total. While global warming heating up the oceans and causing them to expand has contributed about 50 percent of all sea level rise. The remainder is coming from glaciers melting in mountainous areas and other sources. If all of these sources driving sea level rise also have minimum amounts of sea level rise “baked in” due to the amount of greenhouse gases already accumulated in the atmosphere, the total amount of sea level rise in the years to come will be much higher than the Greenland’s nearly one foot.

Finally, real estate owners in coastal communities under threat of sea level rise flooding have to consider that sea level rise has been accelerating for years, and today’s estimates of total sea level rise will likely be adjusted upwards in the years to come. This is especially true because human society has not been reducing the amount of fossil fuels — coal, oil and natural gas — it has been burning, so overall global warming will continue to increase as will sea level rise.

The bottom line remains: Real estate buyers and owners in coastal communities need to continue to perform due diligence — drawing information from many sources — to calculate their exposure to sea level rise flooding.

New New York City Sea Level Rise & Storm Flooding Maps are Useful for Real Estate Owners & Buyers

After Hurricane Sandy slammed New York City ten years ago, the city began taking climate change and sea level rise seriously. The superstorm flooded low lying areas, inundated the subway system and road tunnels, and caused an estimated $19 billion in economic losses. The remnants of Hurricane Ida, which similarly flooded large swaths of New York, New Jersey, Connecticut and Pennsylvania last year, was a powerful reminder that more needs to be done.

To prevent loss of life and property, New York City has been busy producing a series of interactive flooding maps that tell real estate owners and renters whether or not they are in areas at high risk of flooding. Just last week, the city released interactive maps designed to inform residents of their flood risk under different scenarios. According to the city, the New York City Stormwater Flood Maps “show moderate stormwater flooding scenarios under current and future sea level rise conditions, as well as an extreme stormwater flooding scenario under future conditions.”

In addition to the maps, the city has a “Rainfall Ready NYC Action Plan” webpage that gives people the information they need to stay safe while infrastructure is built or upgraded to better cope with sea level rise flooding, more intense rainstorms, and more powerful tropical storms and hurricanes that are the results of climate change. The Action Plan includes information on how to prepare for storms, how monitor storm conditions, how to respond to storms, and how to recover from them.

The maps the city is producing are of great value to real estate owners and prospective buyers in the affected areas. Current owners can use them to not only to prepare their properties to withstand sea level rise and storms, but also to determine if the investment is worth it. Prospective buyers can use the maps to decide if they really want to get involved in real estate in an area that’s currently experiencing flooding or at risk of flooding in the future. This is critical information since properties that flood can lose value or appreciate at a slower rate than comparable properties in safe areas.

New York City’s proactive efforts to warn residents of the risks of flooding caused by climate change driven sea level rise and supercharged storms is admirable and should be replicated by cities and towns all along the US coastline. Used properly, they can help real estate owners and prospective buyers to make informed decisions that protect their financial futures.

US Supreme Court’s Ruling Limiting the EPA’s Ability to Regulate Greenhouse Gases is a Blow to Sea Level Rise Real Estate

The U.S. Supreme Court’s decision today to limit the Environmental Protection Agency’s (EPA) ability to regulate the release of greenhouse gases by electrical power plants is a serious blow to efforts to fight overall global warming and the resultant sea level rise that threatens billions of dollars of real estate all along the U.S. coastline.

Scientists based their latest estimates on the amount of sea level rise U.S. coastal communities will experience between now and the end of the century on the assumption that regulators, like the EPA, would be able to force electrical power plants and other major greenhouse gas emitters to reduce their annual output. With no oversight from the EPA, the court is saying that the American public has to rely on Congress to pass specific legislation restricting emissions from individual sources. The reality of this situation is that Congress is heavily under the influence of fossil fuel — coal, oil and natural gas — producer campaign contributions, so getting meaningful regulations passed will be nearly impossible.

Where does this leave us? Quite frankly, living in a world that’s already overheating and experiencing longer, hotter and more deadly heatwaves, mega-droughts that threaten the very existence of cities in the American West, supercharged tropical storms, hurricanes and local rain events that bring devastating flooding, calamitous wildfires, and rising seas that are inundating coastal real estate.

The Supreme Court’s decision limiting the EPA’s ability to regulate greenhouse gas emissions will accelerate global warming. This will result in faster ocean expansion and ice melting in Greenland and Antarctica and, ultimately, sea level rise at the high end of expert forecasts. According to the National Oceanic and Atmospheric Administration website: “Current and future emissions matter. About 2 feet or sea level rise along the U.S. coastline is increasingly likely between 2020 and 2100 because of emissions to date. Failing to curb future emissions could cause an additional 1.5-5 feet of rise for a total of 3.5-7 feet by the end of this century.”

It’s important to keep in mind that many coastal communities are already spending millions of dollars combatting the sea level rise we’re already experiencing. Every additional inch between now and the 2100 will add to the burden and damage more and more public and private real estate and infrastructure. For example, if saltwater invades the water table and fouls freshwater wells, some cities and towns will find it hard to continue to exist.

The U.S. Supreme Court’s EPA decision is dangerous for the U.S. and the entire planet. The best we can do to protect our lives and property and the lives and property of others is to vote only for candidates who who are prepared to ignore old world energy producers and join the fight against climate change, global warming and sea level rise.

Hot Housing Market Chills Flood-Prone-Housing Buyout Programs

One tool local officials have to combat sea level rise flooding that damages residential real estate is home buyouts. According to an Associated Press article, the Federal Emergency Management Agency (FEMA) has spent nearly $3.5 billion over the last 30 years to help communities purchase nearly 50,000 flood-prone properties. Typically buyouts are used so communities and insurers don’t have to bear the cost of repairing or rebuilding houses that repeatedly flood.

The rapid appreciation in real estate value over the past year, however, is posing a challenge to officials trying to buyout flood-prone homes. According to the Associated press report, owners who would usually accept the terms of a buyout are now, in many cases, turning them down with the hope that a buyer will pay even more than the buyout program offers. Another reason some owners are reluctant to sell is that they realize that all the real estate in their community has been appreciating so finding a replacement home in a location that doesn’t flood at an affordable price can be quite a challenge.

In response to the real estate appreciation challenge, FEMA is offering more money — up to $31,000 — to help homeowners find affordable replacement housing. Some states are also offering extra money to people who agree to be bought out.

Refusing a buyout is not without risk for homeowners. If their house floods while it’s up for sale, it will be difficult to find a buyer willing to purchase it. This is an especially serious issue for property owners in coastal communities during hurricane season.

This buyout situation should serve as a cautionary tale for buyers. To avoid unknowingly purchasing a flood-prone home that really should be bought-out to stop the repair and rebuilding cycle, they need to perform due diligence and determine whether the risk is worth it to them. Some coastal states — like Florida — don’t have strong sellers’ flood disclosure requirements, so they will have to conduct research on their own to independently confirm whether a property is flood prone. FEMA flood maps, local real estate agents, insurers, and mortgage providers are a great place to start.

New “HazardAware” Website Gives Gulf Coast Real Estate Owners, Buyers Info on Risks Posed By Sea Level Rise and Climate Change

In the age of climate change and sea level rise, one of the most difficult tasks for real estate owners and buyers is to evaluate a property’s risk of damage from ever-worsening natural disasters. Experts from several universities have developed a new website called HazardAware to make the process of evaluation a little easier in Florida and coastal area counties in Alabama, Mississippi, Louisiana and Texas.

When real estate owners and buyers enter an address in a search window on the site, they’re given “A home’s HazardReady Score” which tells them whether a home is more or less resilient to natural disasters than average. They’re also given a wealth of data on a home’s, neighborhood’s and community’s risks for certain types of hazards, such as wind, tornadoes, flooding and hail, and a general analysis of the threat sea level rise poses to a property.

HazardAware also assists real estate owners and buyers by telling them what questions they should consider about a given property and what they can do to reduce their exposure to certain risks.

When I ran a couple of addresses that I’m familiar with on the HazardAware website, I received four pages of thought-provoking information, including links where I could get even more information about climate change, sea level rise, insurance and other relevant topics. (Oddly enough, for both properties located in South Florida and Southwest Florida HazardAware listed “Extreme Cold” as among the top four hazards based on insurance loss, which seemed a little suspicious.)

HazardAware also has a section that discussed the properties’ risk of sea level rise flooding based on a their status under FEMA’s Coastal High Hazard Areas program, but it didn’t really delve too deeply into the issue. At this point, real estate buyers and owners involved in property located near the coast may want to increase their knowledge of a property’s, neighborhood’s and community’s sea level rise flooding risk by visiting Climate Central and using its excellent hazard maps.

As with all online tools, HazardAware is a great place to gather general information about a property’s risk of damage from natural hazards, such as sea level rise, but owners and buyers still need to perform additional due diligence. For example, they need to verify information provided by the online tools and find out the specific insurance claims history of a property. They also need to further research the threat the natural hazard currently poses to a property, neighborhood and community, what is being done to address the threat, and how it will impact how much they will have to pay for property maintenance, insurance, and taxes, and, ultimately, how it will impact their property value.

Another critically important factor to research is the health of the loCAL mortgage and insurance industries. If providers of mortgages and/or insurance are struggling in an area, this could be a warning that the local real estate market is in jeopardy.

Florida’s New Condo Inspection Law Protects Real Estate Owners — at a Cost

Last year’s partial collapse of a condominium building in Surfside, Florida, that tragically killed 98 people, led to a call for stricter inspection regulations. Gov. Ron DeSantis responded recently by signing a law with much tighter inspection requirements.

Under the new state law, all residential building three stories or taller must undergo a detailed structural inspection after 30 years and then every 10 years after that. Buildings within three miles of the coast — where salty ocean water can be highly corrosive to structural components — face even tougher rules. They have to be inspected after 25 years and every seven years after that.

Whenever structural damage is found, buildings are required to undergo a more thorough secondary inspection. The results of the inspections have to be made available to unit owners and local government officials.

In addition to the inspection rules, the new law requires condominium associations to evaluate their reserve funds every 10 years to make sure they have enough cash to cover the cost of major repairs.

The new law, which is due to go into effect in January 2025, could lead to a substantial increase in condo fees and special assessments. Depending on the size of a building, professional engineering inspections can cost tens of thousands of dollars. And buildings that have not maintained sufficient reserves could face large special assessments to cover the cost of repairs identified by structural engineers and/or to bring underfunded reserves into compliance.

With sea level rise and stronger tropical storms adding stress to buildings located near the coast, real estate owners and buyers in Florida should be encouraged that the new law will improve safety and reduce the odds of another Surfside-like collapse. But, for budgeting purposes, they need to be aware of a building’s age, inspection status, potential repair issues, and reserves status. Condo board members, meeting minutes and financials should provide a clear picture of a building’s situation.

Other states may have inspection and reserves requirements similar to Florida’s that need to be considered when owners and buyers are involved in coastal real estate located within their borders.

Key Greenhouse Gas Reaches Level Not Seen Since Sea Levels Were 16 to 82 Feet Higher Than Today

The National Oceanic and Atmospheric Administration (NOAA) and Scripps Institution of Oceanography at the University of California San Diego reported today that carbon dioxide — a key greenhouse gas fueling global warming — has reached levels not seen for millions of years. This has dire consequences for people who own real estate in coastal communities vulnerable to sea level rise flooding.

Measurements taken at Mauna Loa Atmospheric Baseline Observatory in Hawaii peaked at 421 parts per million in May. The last time the level was that high over 4 million years ago sea levels were 16 to 82 feet higher than they are today. The new reading is 1.8 parts per million over 2021. Before the Industrial Revolution got underway in the 1800s, carbon dioxide levels were around 280 parts per million, where they’d been for nearly 6,000 years of human civilization.

Carbon dioxide is a potent greenhouse gas that remains in the atmosphere for an extended period of time. The NOAA report not only stresses the need for humans to rapidly reduce the use of fossil fuels — coal, oil and natural gas — that release greenhouse gases into the atmosphere, it also sounds the alarm for people who own or are considering buying coastal real estate in areas that are now experiencing or at-risk of experiencing sea level rise flooding.

NOAA’s latest report on sea level rise predicted an average of about 2 feet of sea level rise between now and the end of the century based on current greenhouse gas emissions. If they’re not reduced, that figure rises to up to 7 feet of sea level rise. Some areas are forecast to experience greater or lesser amounts of sea level rise than others due to land elevation, land subsidence, ocean currents and other local conditions.

It’s important to note here that when we talk about up to 7 feet of sea level rise by the end of the century, we’re talking about a gradual but accelerating rise in ocean level. This will put more and more coastal real estate at risk of flooding in the years and decades to come before the end of the century.

“The science is irrefutable: humans are altering our climate in ways that our economy and our infrastructure must adapt to,” said NOAA Administrator Risk Spinrad, Ph.D, in an article on the agency’s website. “We can see the impacts of climate change around us every day. The relentless increase of carbon dioxide measured at Mauna Loa is a star reminder that we need to take urgent, serious steps to become a more Climate Ready Nation.”

The bottom line is to deny or ignore climate change and continue to burn fossil fuels at the current or an even greater rate is to deny basic science. We all need to do what we can to reduce the consumption of coal, oil and natural gas to protect lives, property and, quite frankly, the future of humanity.

New Report Lists Boston Area Climate Change and Sea Level Rise Threats

Longer, hotter heatwaves, contaminated drinking water wells, and more coastal flooding are on tap for the Boston area due to climate change and sea level rise between now and the end of the century. That’s according to a study of 101 cities and towns in the Boston area released today by UMass Boston and the Greater Boston Research Advisory Group (CBRAG).

Among the findings included in the Climate Change Impacts and Projections for the Greater Boston Area report:

  1. Average annual temperatures could range from 3 to 10 degrees Fahrenheit higher by the end of this century compared with the start of the century.
  2. Days over 90 degrees could increase from an average of 10 to as many as 80 a year.
  3. Traditional food products, such as cranberries, maple syrup and lobsters and shell fish, could be lost. (Lobsters and some fish are already moving north to escape warmer ocean water.)
  4. Reduced snowpack and faster evaporation due to higher temperatures could lead to a reduction in groundwater needed for drinking water, agriculture and industry.
  5. Sea level rise could contaminate coastal drinking water wells by forcing salt water into fresh groundwater aquifers.
  6. Sea level rise could also boost the number of days Boston experiences sunny day or “nuisance flooding” from approximately 15 days a year to over 180 days.
  7. Quicker, more intense rain storms combined with higher seas and groundwater tables could lead to even worse flooding in coastal areas.
  8. Less hurricanes are expected to hit the region, but the ones that do are likely to be stronger and more damaging.

Researchers say the actual outcomes of their predictions will be influenced by the world’s ability to reach net zero emissions by 2050. Commenting on the report, Boston Mayor Michelle Wu said: “We know that the window of time to act on climate change is closing quickly and it is critical to align our policies and programs with the latest science. The CBRAG report analyzes Boston’s climate risk projections so we can make the most informed decisions on how to protect our communities from unavoidable impacts while mitigating emissions that contribute to climate change.”

Boston and the surrounding communities can use the report to map out their response to climate change and sea level rise challenges. Real estate owners and buyers in the affected region should stay up on the proposed solutions as they can impact their taxes, access to potable water, operational life of their septic systems where used, quality of life, and, ultimately, property value.

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