Beachfront land as a long term investment

Nature reports that the reason for some sea level rise discrepancies in the satellite record has been identified, and indeed, the rate of sea level rise is accelerating:

“The rate of sea-level rise is increasing, and that increase is basically what we expected,” says Steven Nerem, a remote-sensing expert at the University of Colorado Boulder who is leading the reanalysis. He presented the as-yet-unpublished analysis on 13 July in New York City at a conference sponsored by the World Climate Research Programme and the International Oceanographic Commission, among others.

Nerem's team calculated that the rate of sea-level rise increased from around 1.8 millimetres per year in 1993 to roughly 3.9 millimetres per year today as a result of global warming. In addition to the satellite calibration error, his analysis also takes into account other factors that have influenced sea-level rise in the last several decades, such as the eruption of Mount Pinatubo in the Philippines in 1991 and the recent El Niño weather pattern....

 If sea-level rise continues to accelerate at the current rate, Nerem says, the world’s oceans could rise by about 75 centimetres over the next century. That is in line with projections made by the Intergovernmental Panel on Climate Change in 2013.