As the physical impacts of the Anthropocene begin to make themselves felt around the globe, maintaining current levels of economic prosperity, in many communities, will consume an increasing portion of public finances. This is because existing investments in property and capital will require new forms of protection if they are to continue generating stable streams of public revenue. Since Anthropocene impacts are unevenly distributed, some territories will be under more pressure than others to shift limited public spending to cope with growing levels of exposure. The sinking of Louisiana's coastal wetlands provides a clear example of this trend of accelerating local vulnerability due to human-induced environmental change. With the bulk of state revenue tied to activities concentrated along Louisiana's coasts, the state's Coastal Protection and Restoration Authority has launched an ambitious plan of government-backed expenditures that seek to defend the economic viability of these zones. Yet, many actions aimed at preventing immediate loss also work to secure incumbent extractive industries, such as offshore oil and gas drilling, which themselves contribute to the very vulnerabilities requiring state intervention in the first place. This paper, borrowing from the environmental sociology of Allan Schnaiberg, considers the social consequences of this dynamic, dubbed the treadmill of protection.
Gray, I
The treadmill of protection: How public finance constrains climate adaptation
Anthropocene Review