What's the best way to profit from rising sea levels? Investing in land that's higher up in our nearby coastal cities?
Coastal cities are unlikely to be flooded in our lifetimes. We're looking at about 1m [1] sea level rise in 100 years, or 50cm in our lifetime. That means coastal cities will face more severe storms, not ending up submerged. [2] "Pfeffer adds estimates of sea level rise due to thermal expansion and ice melting to calving approximations and concludes that SLR by the end of the century will range 0.8 to 2.0 m above pre…
Thats true, but what most people don't know is that sea level rise don't necessarily mean catastrophic floods. A far bigger problem -- in our lifetime -- is aquifer salination, that is the intrusion of saltwater into coastal freshwater aquifers. This is already happening, in the Nile-valley, Benin and Cyprus but also in Louisiana and California.
When the salinity of coastal Freshwater aquifers reaches a critical level, growing crops in coastal areas can be all but impossible.