“… risk of a California megaflood“
If you read this article while keeping the article “Faster than Expected” in mind, it becomes very interesting indeed. Just go through the paper, and every time Dr. Masters gives a percent chance of something happening double it.
El Nino this summer.
Yes, it is looking more and more likely. 2023 would be hot; 2024 eye-popping. 🙁
Dr. Masters talks about losses in the tens of billions $ in the event of a megaflood but I wonder if it could be a black swan event sufficient to collapse the entire global economy. Silicon Valley is surely systemically critical and California would, if it were a standalone nation, be the world's fifth largest economy by GDP. It's a key food producer for the US, too.
I guess it would depend on how badly infrastructure were damaged and how long economic activities were knocked off line.