US Flood Damage Annual Cost Likely To Go Up By 25% By 2050, Say Experts
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The study published in the journal Nature Climate Change used new flood models to map out the present and future impact of sea level rise, tropical cyclones and changing weather patterns.
Climate change is on track to ramp up the annual cost of US flood damage more than 25 percent by 2050, according to new research Monday that warns disadvantaged communities will likely bear the brunt of the financial burden.
The study published in the journal Nature Climate Change used new flood models to map out the present and future impact of sea level rise, tropical cyclones and changing weather patterns.
Losses include destruction projected to hit homes and businesses. Researchers warned that even more people are expected to move into areas at growing risk of inundation.
"Climate change combined with shifting populations present a double whammy of flood risk danger and the financial implications are staggering," said lead author Oliver Wing, of the University of Bath's Cabot Institute for the Environment.
