The Fort Worth Press - Climate change, population threaten 'staggering' US flood losses by 2050

USD -
AED 3.673042
AFN 69.919011
ALL 94.359515
AMD 393.348349
ANG 1.794987
AOA 918.000367
ARS 1017.898212
AUD 1.599488
AWG 1.8
AZN 1.70397
BAM 1.874539
BBD 2.011022
BDT 119.020463
BGN 1.874347
BHD 0.376863
BIF 2944.649446
BMD 1
BND 1.352662
BOB 6.882638
BRL 6.086041
BSD 0.996022
BTN 84.675325
BWP 13.766234
BYN 3.259501
BYR 19600
BZD 2.002109
CAD 1.43181
CDF 2870.000362
CHF 0.893885
CLF 0.035803
CLP 987.904347
CNY 7.296404
CNH 7.292604
COP 4359.706714
CRC 502.515934
CUC 1
CUP 26.5
CVE 105.683615
CZK 24.092304
DJF 177.361384
DKK 7.151604
DOP 60.650788
DZD 134.805195
EGP 50.883213
ERN 15
ETB 124.157665
EUR 0.95875
FJD 2.31705
FKP 0.791982
GBP 0.795767
GEL 2.810391
GGP 0.791982
GHS 14.6413
GIP 0.791982
GMD 72.000355
GNF 8604.974361
GTQ 7.674318
GYD 208.376863
HKD 7.77495
HNL 25.282983
HRK 7.172906
HTG 130.301433
HUF 396.940388
IDR 16171.3
ILS 3.65434
IMP 0.791982
INR 84.952504
IQD 1304.739541
IRR 42087.503816
ISK 139.120386
JEP 0.791982
JMD 155.834571
JOD 0.709104
JPY 156.44504
KES 128.585805
KGS 87.000351
KHR 4002.491973
KMF 466.125039
KPW 899.999441
KRW 1446.420383
KWD 0.30795
KYD 0.830019
KZT 523.074711
LAK 21799.971246
LBP 89190.58801
LKR 292.423444
LRD 180.77347
LSL 18.3368
LTL 2.95274
LVL 0.60489
LYD 4.893852
MAD 10.024153
MDL 18.345713
MGA 4699.285954
MKD 58.978291
MMK 3247.960992
MNT 3397.99987
MOP 7.973547
MRU 39.610869
MUR 47.203741
MVR 15.403739
MWK 1727.033114
MXN 20.081304
MYR 4.508039
MZN 63.903729
NAD 18.3368
NGN 1549.540377
NIO 36.651172
NOK 11.320104
NPR 135.480903
NZD 1.768191
OMR 0.384799
PAB 0.996022
PEN 3.708823
PGK 4.038913
PHP 58.870375
PKR 277.232856
PLN 4.088033
PYG 7766.329611
QAR 3.6309
RON 4.771604
RSD 112.108113
RUB 102.945608
RWF 1388.412326
SAR 3.756308
SBD 8.383555
SCR 13.937797
SDG 601.503676
SEK 11.032604
SGD 1.355904
SHP 0.791982
SLE 22.803667
SLL 20969.503029
SOS 569.224134
SRD 35.131038
STD 20697.981008
SVC 8.715196
SYP 2512.530243
SZL 18.332295
THB 34.220369
TJS 10.896056
TMT 3.51
TND 3.173719
TOP 2.342104
TRY 35.071804
TTD 6.759956
TWD 32.631038
TZS 2365.457421
UAH 41.771505
UGX 3653.615757
UYU 44.42421
UZS 12841.328413
VES 51.475251
VND 25455
VUV 118.722003
WST 2.762788
XAF 628.702736
XAG 0.033891
XAU 0.000381
XCD 2.70255
XDR 0.759764
XOF 628.702736
XPF 114.304883
YER 250.375037
ZAR 18.30954
ZMK 9001.203587
ZMW 27.564096
ZWL 321.999592
  • SCS

    -0.5800

    11.74

    -4.94%

  • BCC

    -0.2600

    122.75

    -0.21%

  • NGG

    0.8200

    58.5

    +1.4%

  • GSK

    0.1700

    33.6

    +0.51%

  • CMSD

    0.0000

    23.56

    0%

  • RBGPF

    59.9600

    59.96

    +100%

  • RYCEF

    -0.0100

    7.27

    -0.14%

  • RIO

    -0.0900

    58.64

    -0.15%

  • JRI

    0.1100

    12.06

    +0.91%

  • CMSC

    0.0200

    23.86

    +0.08%

  • BCE

    0.0500

    23.16

    +0.22%

  • VOD

    0.0100

    8.39

    +0.12%

  • RELX

    -0.3100

    45.47

    -0.68%

  • AZN

    0.9100

    65.35

    +1.39%

  • BTI

    0.1131

    36.24

    +0.31%

  • BP

    0.1900

    28.6

    +0.66%

Climate change, population threaten 'staggering' US flood losses by 2050
Climate change, population threaten 'staggering' US flood losses by 2050

Climate change, population threaten 'staggering' US flood losses by 2050

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.

Text size:

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.

Wing said the findings should be a "call to action" for both a reduction in emissions and efforts to adapt to accelerating climate risks "to reduce the devastating financial impact flooding wreaks on people's lives."

Researchers used nationwide property asset data, information on communities and flood projections to estimate flood risk across the US.

The study showed that poorer communities with a proportionally larger white population currently face the steepest losses.

But future growth in flood risk is expected to have a greater impact on African American communities on the Atlantic and Gulf coasts.

"The mapping clearly indicates Black communities will be disproportionately affected in a warming world, in addition to the poorer White communities which predominantly bear the historical risk," said Wing.

"Both of these findings are of significant concern."

- 'Unacceptable' risks -

Average annual flood losses were forecast to increase by 26.4 percent, from $32 billion currently, to $40.6 billion in 2050, based on 2021 dollar values.

The researchers said these figures are "essentially locked in climatically", meaning that even if emissions fall dramatically they would still be the same.

They also warned that expanding populations in the US would also significantly increase the flood risk, eclipsing even the impact of climate change.

With inundations expected to intensify in areas where populations are also increasing, the researchers said average annual exposure of the US population to floods is expected to grow to more than seven million by 2050, a 97-percent increase from current levels.

It said increases in climate-enhanced exposure was particularly concentrated along the US East Coast, with existing Texas and Florida residents seeing a roughly 50-percent increase in flood exposure by 2050.

In terms of increased flood risk due to population growth, the researchers highlighted intensified development on existing floodplains, which they said was "relatively severe in the currently sparsely populated central Prairie States and the Deep South".

The study said even developments currently considered low risk may be in areas expected to see a heightened flood risk in the coming decades.

"Current flood risk in western society is already unacceptably high, yet climate and population change threaten to inflate these losses significantly," said co-author Paul Bates, a professor of hydrology at the Cabot Institute for the Environment.

"The relatively short timescales over which this increase will take place mean we cannot rely on decarbonisation to reduce the risk so we have to adapt better, both to the situation now and for the future."

S.Rocha--TFWP