Coastal erosion costs Europe over €1 billion a year, could reach €800 billion by century's end, report says

[WAM] Economic losses from coastal erosion exceed €1 billion per year across 28 European countries and could escalate to €800 billion annually by the end of the century if effective action is not taken, according to a new report cited by WAM. The report urges Europe to prepare to relocate homes, businesses and infrastructure from coastlines.