Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGoldman Sachs released a "terrifying" 34-page analysis of the impact of climate change
Now that the Banksters are waking up to the reality of the fake liberal Chinese hoax, they'll be buying up all the inland properties.
Goldman Sachs released a report on the effect of climate change on cities around the world and the results made for grim reading.
The bank's Global Markets Institute, led by Amanda Hindlian, warned of "significant" potential risks to the world's largest cities, which are especially vulnerable to more frequent storms, higher temperatures, rising sea levels, and storm surges.
Cities generate about 80% of global GDP and are home to more than half of the world's population, a share that Goldman says, citing the United Nations, is projected to reach two-thirds by 2050. About 40% of the global population lives within 100 kilometers of a coast, it says, and 1 in 10 live in areas less than 10 meters above sea level.
Goldman highlighted three cities which would be subject to those storm surges and in the future could face harmful flooding New York, Tokyo, and Lagos. Miami, Alexandria, Dhaka, and Shanghai face major flood risks due to being less than 11 meters above sea level.
The bank's Global Markets Institute, led by Amanda Hindlian, warned of "significant" potential risks to the world's largest cities, which are especially vulnerable to more frequent storms, higher temperatures, rising sea levels, and storm surges.
Cities generate about 80% of global GDP and are home to more than half of the world's population, a share that Goldman says, citing the United Nations, is projected to reach two-thirds by 2050. About 40% of the global population lives within 100 kilometers of a coast, it says, and 1 in 10 live in areas less than 10 meters above sea level.
Goldman highlighted three cities which would be subject to those storm surges and in the future could face harmful flooding New York, Tokyo, and Lagos. Miami, Alexandria, Dhaka, and Shanghai face major flood risks due to being less than 11 meters above sea level.
https://markets.businessinsider.com/news/stocks/goldman-sachs-climate-change-threatens-new-york-tokyo-lagos-cities-2019-9-1028552494
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
6 replies, 1031 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (6)
ReplyReply to this post
6 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Goldman Sachs released a "terrifying" 34-page analysis of the impact of climate change (Original Post)
Pluvious
Sep 2019
OP
Funny that the only ones that are denying climate change are the Senate and/or House ...
SWBTATTReg
Sep 2019
#2
saidsimplesimon
(7,888 posts)1. Miami is no longer prime real estate,
unless you can tread water.
SWBTATTReg
(22,077 posts)2. Funny that the only ones that are denying climate change are the Senate and/or House ...
repugs. No one else denies it. This alone should be grounds enough to remove everyone of these people as being grossly unfit for duty.
Pluvious
(4,305 posts)4. Didn't the White House suppress our military's report on their take ?
SWBTATTReg
(22,077 posts)6. That too. nt
Wellstone ruled
(34,661 posts)3. The old joke about
Beach Front Property in the Desert might be coming true.
maxsolomon
(33,252 posts)5. SO DO SOMETHING ABOUT IT, Investment Bankers.
Shift the investment focuses of your clients away from killing the planet.