Forget spending billions in tax dollars to rebuild coastal developments destroyed by Superstorm Sandy. New York's Governor Cuomo says he has a better idea. Buy up vulnerable properties, restore the beaches to their natural condition, and enjoy a publicly owned resource until the inevitable happens again. The nonpartisan Government Accountability Office doesn't go that far, but it is warning that climate change is one of the highest risks to financial stability. Are the beaches the first place to prepare for the consequences of climate change? Where will it happen next?
Is It Time to Retreat from the Sea?
Thomas Kaplan - New York Times - @thomaskaplan, Joseph Tirone - Oakwood Beach Buyout Committee, Joe Adabbo - New York State Senate, Robert Young - Western Carolina University, Howard Marlowe - Marlowe and Company - @howardhdm