On the contrary. The market is not there to cure climate change but rather to put a price on that change. But again, the government is bailing out yet another industry, Tourism:
From your article:
Before Hurricane Matthew struck, a
$13.5 million project was underway to replenish Jacksonville area beaches with 650,000 thousand cubic yards of sand over seven miles. Local officials were certain that the same amount of sand was lost from the hurricane and the amount of sand needed for the project will likely double.
The Program for the Study of Developed Shorelines at Western Carolina University has cataloged erosion and beach nourishment programs through the years and has stood at the forefront of understanding for popular beach destinations such as Miami Beach that are quickly losing sand.
Miami Beach specifically has had only one completed nourishment episode –
paid for the by federal government – that
supplemented the beach with 350,000 cubic yards of sand in 1987, the program reported.
The single project alone carried a $5 million price tag, or more than $10 million in 2016.
The entire state of Florida is faced with a similar dilemma. With 495 different nourishment projects listed,
$1.4 billion has been spent to keep sand on the beaches of Florida.