Global warming-induced sea level rise means major upgrades are needed to Metro Vancouver’s flood defence network over the next several decades. A new report from the BC government, Cost of Adaptation — Sea Dikes and Alternative Strategies, estimes the costs could total $9.5 billion dollars.
“Managed retreat” — where properties are returned to a “natural” or low-value state and allowed to flood — is included as an option. In almost all cases, staff rejected this possibility.
So, let’s figure out who should pay for this.
You can read the full report here.