Flood damage to cost up to $1 trillion per year by 2050
Growing coastal cities will be inundated by sea level rise
By Jessica Shugart, 16:45 PM August 16, 2013
Flood damages for the globe’s 136 largest coastal cities could cost $1 trillion annually by 2050 if protective measures aren't put in place.
In 2005, annual flood losses for the coastal cities came to $6 billion. A team of economists and scientists considered the impacts of factors such as sea level rise and economic and population growth, noting that floods will become increasingly costly. So even if cities beef up protective measures such as dikes and levees, total flood damage will cost $60...
Source URL: https://www.sciencenews.org/article/flood-damage-cost-1-trillion-year-2050