A: Both of them will be affected by the ongoing effects of climate change.
In less than 40 years from now the cost to the world's biggest coastal cities from flooding is expected to have risen to $1tn – 0.7% of the value of the entire world economy in 2012. Average global flood losses could rise from around $6 billion per year in 2005 to $60 to $63 billion per year by 2050, thanks to population and economic growth along the coasts and the multiplying effect of climate change-driven sea level rise. Coastal communities in the US were firmly reminded of what could happen with rising waters during Superstorm Sandy. The effects of global warming and climate change were no longer academic discussion points, but reality in the form of flooded subways in the heart of Manhattan.
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