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Climate change is going to cost Florida a lot of money
For the state of Florida, adapting to climate change is going to be complicated, revolutionary and very, very expensive.
But so far at least, Tallahassee hasn’t invested much in protecting the most vulnerable state in the nation from rising seas. Gov. Ron DeSantis, who campaigned on a promise to address red tide and harmful algae blooms, has won initial praise from environmentalists for stepping above the low bar set by his fellow Republican predecessor, Rick Scott, a climate change skeptic who is now a U.S. senator.
In the latest budget, DeSantis more than tripled the state’s investment in planning for sea rise through its Florida Resilient Coastlines Program. That sounds considerable but in hard dollars it only raised the Scott budget of $1.6 million to about $5.5 million.
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Business Beat - Week of May 3rd
