Are we underestimating the sea level rise risk for property?
G Warren-Myers, Gideon Aschwanden, F Fuerst, A Krause, D Levy (ed.), J Gabe (ed.)
Proceedings | Pacific Rim Real Estate Society | Published : 2018
Sea level rise forecasts identify a potential risk and uncertainty for property owners, occupiers and stakeholders. Currently, this risk is likely underestimated, with little action being taken to address it. Recent data has suggested that previous estimates by Intergovernmental Panel on Climate Change (IPCC, 2013) of a 1 metre rise by 2100 sea level rise are severely underestimated and could reach 2.7 metres (NOAA, 2017). The uncertainty of modelling, forecasting, data availability and constant change in externalities makes this a challenging concept for property stakeholders to consider how to tackle these challenges. However, as this study demonstrates using a case study of the bayside mu..View full abstract