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

USD -
AED 3.673026
AFN 69.504121
ALL 89.39045
AMD 387.175704
ANG 1.803175
AOA 926.336003
ARS 960.501971
AUD 1.48235
AWG 1.8
AZN 1.69797
BAM 1.759367
BBD 2.02015
BDT 119.561013
BGN 1.75778
BHD 0.376754
BIF 2894
BMD 1
BND 1.295642
BOB 6.938335
BRL 5.510328
BSD 1.000405
BTN 83.804812
BWP 13.260469
BYN 3.273937
BYR 19600
BZD 2.01655
CAD 1.358885
CDF 2870.000038
CHF 0.845045
CLF 0.033436
CLP 922.595795
CNY 7.093499
CNH 7.097925
COP 4227.03
CRC 518.911626
CUC 1
CUP 26.5
CVE 99.550102
CZK 22.613097
DJF 177.720236
DKK 6.708598
DOP 60.099154
DZD 132.293939
EGP 48.432698
ERN 15
ETB 113.941708
EUR 0.89906
FJD 2.2159
FKP 0.761559
GBP 0.75707
GEL 2.701381
GGP 0.761559
GHS 15.711096
GIP 0.761559
GMD 70.000338
GNF 8650.000296
GTQ 7.738947
GYD 209.31948
HKD 7.79395
HNL 24.813342
HRK 6.799011
HTG 131.837194
HUF 354.320003
IDR 15369.3
ILS 3.745395
IMP 0.761559
INR 83.855495
IQD 1310.687909
IRR 42104.999768
ISK 136.929611
JEP 0.761559
JMD 157.288715
JOD 0.708697
JPY 140.651048
KES 129.000091
KGS 84.668802
KHR 4075.000404
KMF 442.749828
KPW 899.999433
KRW 1319.929736
KWD 0.30494
KYD 0.833806
KZT 481.097369
LAK 22104.999936
LBP 89600.000206
LKR 302.163451
LRD 194.950194
LSL 17.674538
LTL 2.95274
LVL 0.60489
LYD 4.774884
MAD 9.746863
MDL 17.384069
MGA 4526.197436
MKD 55.328274
MMK 3247.960992
MNT 3397.999955
MOP 8.033086
MRU 39.789502
MUR 45.950083
MVR 15.350065
MWK 1734.898574
MXN 19.30305
MYR 4.301498
MZN 63.875035
NAD 17.674379
NGN 1639.097505
NIO 36.819143
NOK 10.607435
NPR 134.0877
NZD 1.615285
OMR 0.384948
PAB 1.000495
PEN 3.776032
PGK 3.967076
PHP 55.725971
PKR 278.624972
PLN 3.844575
PYG 7778.527414
QAR 3.640498
RON 4.471503
RSD 105.222018
RUB 91.397566
RWF 1340
SAR 3.75307
SBD 8.36952
SCR 13.413176
SDG 601.500226
SEK 10.194802
SGD 1.295861
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 571.767839
SRD 29.750502
STD 20697.981008
SVC 8.754554
SYP 2512.529936
SZL 17.665842
THB 33.280992
TJS 10.645347
TMT 3.51
TND 3.0295
TOP 2.349796
TRY 33.993975
TTD 6.792894
TWD 31.863992
TZS 2729.452965
UAH 41.512443
UGX 3716.96382
UYU 41.101066
UZS 12755.81343
VEF 3622552.534434
VES 36.729602
VND 24545
VUV 118.722009
WST 2.797463
XAF 590.075114
XAG 0.032441
XAU 0.000387
XCD 2.702549
XDR 0.74151
XOF 590.077768
XPF 107.281968
YER 250.303129
ZAR 17.634802
ZMK 9001.205751
ZMW 26.438177
ZWL 321.999592
  • RBGPF

    5.1600

    62.16

    +8.3%

  • SCS

    0.2250

    14.015

    +1.61%

  • RIO

    0.6250

    63.175

    +0.99%

  • CMSD

    -0.0500

    25.05

    -0.2%

  • NGG

    0.6400

    70.24

    +0.91%

  • CMSC

    -0.0800

    25.03

    -0.32%

  • VOD

    0.1700

    10.34

    +1.64%

  • RYCEF

    0.0300

    6.59

    +0.46%

  • BCC

    -1.3700

    134.49

    -1.02%

  • JRI

    0.1000

    13.29

    +0.75%

  • BCE

    -0.2261

    34.44

    -0.66%

  • AZN

    0.5750

    78.845

    +0.73%

  • BP

    0.3950

    32.235

    +1.23%

  • BTI

    0.1850

    39.355

    +0.47%

  • GSK

    0.4850

    43.495

    +1.12%

  • RELX

    0.3450

    48.055

    +0.72%

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