that they will remain poor and rooted in their location causing them to drown.
Property is owned and there are territorial borders. The risk isn't so much of drowning, which will be a strawman of any of the reasonable conversations, the risk is that people will move because they have become increasingly relatively impoverished and thus their migration will be unwelcome or according to the wishes of people who don't have to move.
And let's not ignore that xenophobia correlates with AGW denial.
The people who eroded the shoreline will have the wealth, and they *will not* compensate the people whose wealth/opportunity was eroded by the process nor voluntarily provide for the people who have been impoverished by the process. Aggregate wealth can increase if we spend the fossil carbon correctly ( it will decrease if we don't!), but the way that we currently assign property means that anybody forced to move could really suffer.
I have a local example, where we have a national park which has try to capture a local ecosystem in its natural state by being big enough. It is surrounded by monoculture. As climes shift, the species will have nowhere to go where they won't be poisoned as a nuisance to the owners of the monoculture crop.
Climate refugees will be more clever, but will have to debase themselves for the mere permission to even move into the territories of the people who eroded theirs. My first sentence is a very tight summary.
Obviously there can be an aggregate wealth transfer such that the need to move can be mitigated through infrastructure development. But again, the people who are creating the cost will be foisting that cost onto the people damaged.
Even that description presumes that we can pay their invoices out of the profits of our carbon consumption. Even that limits the discussion. Because it doesn't even consider paying for the mitigation ahead of time, before the damage. And we won't pay the invoices, let's not kid ourselves.
This is all ignoring the fact that there are many intersecting reasons where the risk of ecological damage can grow, thus creating a stochastic risk pattern. Ecological and biological systems have a remarkable ability to bounce back, but extinctions are one way trips.
Wealth is such a generic word that you can always use it to describe the mitigation of a problem, but unless there is sufficient investment of that wealth, I actually don't believe the people who talk about it - presuming that they don't actually believe in it, they're just using it to kick the can down the road. Encouraging trend lines are encouraging, but there is a lot of eggs being counted as chickens.
If the wealthy are the most capable of not foisting, but they are, then you know there's an imbalance in the entire setup.
How exactly is the notorious fossil fuel coal the answer to global warming?
The people who burned too much coal burned it in such a way as to create Innovations so that regions that had not yet burned too much coal had a viable alternative that was affordable before they were even tempted to burn coal.
Duh!