[vc_row][vc_column][breadcrumb-shortcode][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_separator border_width=”2″][/vc_column][/vc_row][vc_row][vc_column width=”4/12″][vc_column_text css=””]

Economic Risks of Climate Change in New Jersey

Building on the 2020 Scientific Report on Climate Change and subsequent climate science studies, the inaugural Economic Risks of Climate Change in New Jersey report provides important context on how climate change is currently impacting New Jersey’s economy, and how experts anticipate a changing climate may affect New Jersey’s economic prosperity in the future.

[/vc_column_text][vc_column_text css=””]

Drawing on academic, government, and industry research, the report outlines how climate change is likely to impose far-reaching economic challenges throughout the state. Rising seas, increasing heat, wildfires, and heavier flooding are projected to strain transportation networks, energy supplies, and water infrastructure. Evidence also indicates that declining property values, recurring storm damage, and evolving insurance markets could erode municipal tax bases and elevate borrowing costs, while key sectors such as tourism, agriculture, and local government finances may experience growing fiscal challenges if these risks are not proactively managed.

[/vc_column_text][/vc_column][vc_column width=”5/12″][vc_single_image image=”4519″ img_size=”full” onclick=”custom_link” img_link_target=”_blank” css=”” link=”https://deptest.nj.gov/climatechange/wp-content/uploads/sites/50/economic-risks-of-climate-change.pdf”][/vc_column][vc_column width=”3/12″][vc_column_text css=””]

[/vc_column_text][/vc_column][/vc_row]