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Bay Area Economies Among Most Vulnerable to Climate Change

Bay Area Economies Among Most Vulnerable to Climate Change

San Francisco is the most vulnerable city to economic disaster from climate change in the United States and Oakland ranks #5, according to a new report by Moody’s Analytics. The study calculates its forecast based on short-term and long-term exposure to climate change impacts from drought to sea-level rise to hurricanes to wildfires.

“Absent policy changes, large coastal states like California, Florida and New York are especially vulnerable, while more inland northern economies will emerge only slightly worse off,” said Moody’s Adam Kamins, the author of the report.

CNBC reports that San Francisco is not especially susceptible to any one hazard, but above-average risk from each category, especially sea-level rise and drought, makes it the single-most exposed large metro area in the country. 

If you’d like to move to a city that is the most climate resilient, Moody’s study suggests Baton Rouge, LA, Detroit, MI, Knoxville, TN, Warren, MI and Dayton, OH which are the least exposed to extreme heat, sea-level rise and drought.


Inside The Story

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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