Climate change denyers concerned for value of real estate.
The North Carolina
legislature has passed a law banning the use of the findings of the latest
forecasts of sea level rise.
The State’sCoastal Resources Commission (CRC) had predicted in May that the
sea level will rise by a metre (actually by 39 inches) by the next century.
ABC News, Tom Thompson, president of NC-20, a coastal development group and a
supporter of the law, “said the science used to make the 39-inch prediction was
flawed, and added that the resources commission failed to consider the economic
consequences of preparing the coast for a one-meter rise in sea level, under
which up to 2,000 square miles would be threatened.” Supporters of NC-20
include theOuter Banks Home Builders
Association and the Outer Banks Association of Realtors.
report that ‘Republican State Rep. Pat McElraft, who drafted the law, called
the law a "breather" that allows the state to "step back"
and continue studying sea -level rise for the next several years with the goal
of achieving a more accurate prediction model.’
has developed awebsite, itsIntegrated Hazard Risk Management Program, which details natural catastrophe
risks such as coastal flooding, wildfire, tornadoes, etc. and can be searched
in detail. Currently this website is inactive for coastal flooding. One wonders
whether out-of-state insurance actuaries will be bound by the law? And what
would King Canute think of this? Ref. http://irisk.nc.gov/irisk/Program.aspx
The original LE:NOTRE Projects were co-funded by the European Union's Socrates and Lifelong Learning Programmes.
The LE:NOTRE Institute has been established by ECLAS as foundation under Netherlands Law.