So apparently now deniers are nearing the endgame: climate change is real, but we shouldn't do anything about it.
The article is paywalled, but you can find the first half or so here.
It contains a lot of shallow thinking, but this I found the most incoherent of all:
"But spread over a century, the costs of moving and adapting are not as imposing as they seem. Rotterdam’s dikes are expensive, but not prohibitively so. Most buildings are rebuilt about every 50 years. If we simply stopped building in flood-prone areas and started building on higher ground, even the costs of moving cities would be bearable. Migration is costly. But much of the world’s population moved from farms to cities in the 20th century. Allowing people to move to better climates in the 21st will be equally possible."This is just dumb, because people aren't going to "moving" to escape climate change in, say, Florida, as it's inundated by sea level rise, they're going to be abandoning Florida.
No one will buy the house anyone abandons due to sea level rise -- home and business owners will simply lose the amount they've paid for their property and buildings, in a reverse game of musical chairs. No insurance companies will bail them out -- insurance companies are already pulling out of Florida.
- "If sea levels rise as much as climate scientists predict by the year 2100, almost 300 U.S. cities would lose at least half their homes, and 36 U.S. cities would be completely lost.
- "One in eight Florida homes would be under water, accounting for nearly half of the lost housing value nationwide.
- "The median value of a home at risk of being underwater is $296,296. The value of the average U.S. home is $187,000." [Source]
If they're made whole at all, it will be by the federal government, which I expect will happen. Too many affluent people will complain to their representatives, saying it's not their fault that sea level rose, and it will be U.S. taxpayers who bail them out, who make them whole. And the same in most OECD countries.
How much will this cost? Trillions of dollars, at least, in the U.S. That will likely be paid by US taxpayers.