According to the report, 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….reports Asian Lite News
The annual cost of US flood damage is expected to go up by more than 25 percent by 2050 due to climate change,a new research study has revealed, warning that disadvantaged communities will likely bear the brunt of the financial burden, media reported.
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, according to an AFP report.
According to the report, 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,” it was reported.