Common Tragedies

Thoughts on Environmental Economics

Climate change adaptation: Donald Trump edition

Posted by Evan Herrnstadt on November 11, 2008

“Well, real estate is always good, as far as I’m concerned.” — The Donald.

Maldives is considering directing some of its tourism revenue into a dedicated investment fund.  The nation, three feet above sea level, plans to buy dry land if climate change leads to rapidly rising sea levels:

Mohamed Nasheed, a former political prisoner who was sworn in Tuesday as the country’s first democratically elected president, named Sri Lanka and India as possible spots for a refuge, according to the BBC.

I’m impressed by the foresight, which I suppose would help alleviate some of the otherwise inevitable refugee issues.  How many Pacific Island enclaves will the future bring?  And, extending this to the domestic context, will the wide-open spaces of the Mountain West and Alaska be flooded by Floridians as they flee the coastline and buy up ranches?

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