California Real-estate

#environment - Around $2.5 trillion of California's real-estate value is at risk from climate change, according to a study conducted at the University of California Berkeley.

The scale of climate risk over the coming decades dwarfs today's financial crisis and will long outlive it, according to Next 10, the non-profit group that sponsored the research. The study stated that California has about $4 trillion in real estate assets, of which $2.5 trillion would be at risk from wildfire, rising sea level and extreme weather. The losses would come in the form of direct costs such as firefighting and indirect expenses for public health, insurance and agricultural losses.

Source: UPI