The document discusses the economic consequences of rising sea levels and how states will address solutions. In Venice, the water level reached 1m56 in December, a new record in 22 years. This phenomenon is called "acqua alta". Currently, 50% of the world's population lives in coastal zones, and it is estimated that 6 billion people will live in coastal areas in the next 20 years. Rising sea levels will significantly impact societies in coastal areas. While the current rise is slow at 3.3 mm per year, predictions for sea level rise this century have been reduced to 20-60 cm, compared to the 20 cm rise in the 20th century.