Storms and sea degree rise might price ports billions

Typhoon Maemi Hits South Korea
 South Korean staff observe collapsed container cranes after Storm Maemi pounded the southern port metropolis of Busan on September 13, 2003 in Busan, about 450km (281 miles) southeast of Seoul, South Korea. | Picture by Getty Photographs

Ports around the globe stand to endure billions of {dollars} in losses if greenhouse fuel emissions proceed to develop, a brand new report finds. Excessive climate, flooding, and rising sea ranges would all harm very important seaport infrastructure, disrupting world provide strains.

Losses from storms and climate-related port disruptions might close to $10 billion a 12 months by 2050, in accordance with the report, commissioned by the nonprofit Environmental Protection Fund (EDF). By 2100, with out motion on local weather change, these prices might balloon to greater than $25 billion a 12 months. For context, that final determine is greater than the full working income for your complete world container transport business in a 12 months.

Many ports are already overwhelmed after the COVID-19 pandemic…

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