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74°
Wednesday, jun 5
Tag:
Rhodium Group
News
Report: Climate Change May Cost Hudson County Up To $660M In Annual Damages
A report released by a research firm Tuesday, exactly seven years after Superstorm Sandy tore through the Garden State, says New Jersey residents can expect more of the same to come thanks to climate change. The Rhodium Group estimates that damage from flooding and winds from hurricanes has doubled in the last 40 years and associated costs are expected to rise by anywhere from $1 to $3 billion statewide by 2050. Effects will not be confined to coastal areas, according to the analysis. Two counties, Hudson and Bergen, are projected to see the largest increases in damag…