The U.S. Gulf Coast is facing billions of dollars in yearly property damage by 2050 due to extreme weather tied to climate change, per a new analysis.
Why it matters: Even as Gulf states are still reckoning with the aftermath of 2005's Hurricane Katrina two decades later, more pain and loss seems inevitable.
Driving the news: Damage from extreme weather will cost $32 billion annually across Texas, Louisiana, Mississippi, Alabama and Florida by 2050 in a "middle of the road" climate change scenario, per a new Urban Institute analysis using FEMA data.
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