By 2080, the annual cost of flooding in the UK due to climate change is predicted to be £22 billion; 15 times the current costs

March 31st, 2010

The average British temperatures have already increased by about 1º, and are expected to increase by a total of 3 to 4.5° by 2080 due to global warming.

Extreme storms and flooding in the UK are also likely to become more frequent and more severe. By 2080, the annual cost of flooding in UK due to climate change is predicted to be £22 billion; 15 times the current costs.

There are currently around £200bn worth of assets and 1.7 million properties in flood risk areas in England and Wales.  The cost of damage from flooding and coastal erosion in Britain could rise by 20 times over the next century from about £1bn a year now to £20bn by 2080 according to an UK government study.

Source: Climate Change-the Costs of Inaction (PDF) – Frank Ackerman and Elizabeth Stanton – Global Development and Environment Institute – Tufts University, MA, USA

Date: 11 October 2006

Source: Flooding cost ‘may rise 20-fold’ – BBC News

Date: 22 April 2004

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