The House Commission on Economic Risk Due to Flooding and Sea Rise will meet Thursday with an economist reviewing the costs and benefits of disaster and climate change preparation.
The meeting is scheduled Thursday, Feb. 25, from 2 p.m. to 3 p.m. in Room 101 on the first floor of the State House.
The meeting will feature a presentation by Jim Neumann of Industrial Economics, Inc., a group of economists and financial analysts who specialize in providing economic assessments of climate change preparedness and mitigation measures.
The meeting is expected to be the last of the commission, which was established to provide information including economic risks to Rhode Island municipalities, businesses and the investment community so that they may factor sea rise and flooding into their short- and long-term decision making. The commisison is also charged with making recommendations to the General Assembly about further steps to maintain the value of public and private property and revenue, to define adaptation strategies, to better understand the cost of inaction, and to examine new approaches to understand and address the business risks associated with sea rise and storm surge.
The commission members, led by Chairwoman Lauren H. Carson (D-Dist. 75, Newport), will also be invited to offer concluding remarks. No public testimony will be taken at this hearing, although it is open to the public and the media.