Climate change and property values

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Eroding beaches, disappearing snowpacks, subdivisions decimated by wildfires. Climate change in California could be expensive.

Now the costs of global warming’s projected effects in the nation’s largest state have been quantified. According to a new report authored by UC Berkeley researchers Fredrich Kahrl and David Roland-Holst, about $2.5 trillion of real estate assets in California are at risk from extreme weather events, sea level rise and wildfires with a projected annual price tag of $300 million to $3.9 billion.

The report includes an assessment of climate change’s impact on California real estate.

--Margot Roosevelt