Economic risks of climate change in New Jersey

This inaugural report provides context on how climate change is currently impacting New Jersey's economy, and how experts anticipate further change will affect New Jersey's economy going forwards. The report draws on academic, government, and industry research to outline the challenges that climate change is likely to impose throughout the state.

The report shows that rising sea levels, 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. Lastly, key sectors such as tourism, agriculture, and local government finances may experience growing fiscal challenges if these risks are not proactively managed.