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6.A. - Page 42 of 251 <br />Impacts of Climate Change on Redwood City <br />Financial Impact of Climate Change <br />As climate -related natural disasters become more frequent and intense, costs for disaster response and relief are <br />anticipated to increase. With flooding, storms, droughts, wildfires, and other climate -related natural disasters <br />becoming more common, flood insurance and flood prevention costs will grow." <br />Climate change is anticipated to impact public buildings, storm water infrastructure, transportation infrastructure, <br />community services, and land -use planning and development. Climate damage to homes and businesses could <br />negatively impact the economy and reduce Redwood City's income from property and sales taxes, not to mention <br />damage the quality of life for all community members. <br />If Redwood City allocates resources and invests in climate -protecting strategies now, it will be insurance against <br />some of the most costly effects of a hotter planet in the future. <br />City of Redwood City Climate Action Plan 31 <br />347 <br />