The Geography of Risk: Stratfor Talks
In this episode of the Stratfor podcast, a conversation about who pays for the coastal damage done by climate change. The 2019 hurricane season is likely to go down in history books as one of the most costly of the decade in loss of life, loss of infrastructure, loss of property and loss of coastal land. It may take longer than a decade for the Bahamas to recover from Hurricane Dorian. Houston is reeling from major flooding caused by Tropical Storm Imelda. Puerto Rico, still not recovered from 2017's Hurricane Maria, is facing flooding from Tropical Storm Karen. As climate change precipitates more powerful storms, coastal areas of the world are expected to bear the brunt of the damage. As Pulitzer Prize winning journalist and avid surfer, Gilbert M. Gaul, writes in his new book, "The Geography of Risk: Epic Storms, Rising Seas and the Costs of America's Coasts," areas of the United States, with its long coastlines, have been ground zero for some of the worst storms in the past two decades. But, he asks, who is actually paying the financial costs for these monster storms?