Should we protect ourselves against storm surges?

From the Wall Street Journal:

Scientists are laboring to make their predictions more reliable. While they do, New York has become an urban experiment in the ways that seaboard cities can adapt to climate change over the next century. For their part, the city's long-term planners are taking action but are trying to balance the cost of re-engineering the largest city in the U.S. against the uncertainties of climate forecasts.

"We can't make multibillion-dollar decisions based on the hypothetical," says Rohit Aggarwala, the city's director of long-term planning and sustainability.

Still, prompted by a possibility of floods from higher seas, some university-based marine researchers and civil engineers are debating whether New York ought to protect its low-lying financial district, port, power grid and subways with storm surge barriers like the mobile bulwarks that safeguard London, Rotterdam, Netherlands, and St. Petersburg, Russia. Engineering concepts for multibillion-dollar barriers around New York harbor were discussed here this week during the H209 Water Forum, an international conference on coastal cities and climate change, held by the Henry Hudson 400 Foundation at the Liberty Science Center.