Flood prevention could bring 'huge' payoff as global risks rise [Reuters]
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Source: Reuters
Flood prevention could bring 'huge' payoff as global risks rise LONDON (Thomson Reuters Foundation) - Asia faces surging threats from coastal and river flooding as climate change brings more intense rainfall and rising seas - but investing now in dikes and other measures to stem risks could have big financial payoffs, researchers said on Thursday. India, for instance, could save about $250 per $1 spent on protection to lessen the average frequency of floods from every 11 years to every 25 years by 2050, said Betsy Otto, who directs the global water programme at the World Resources Institute. Bangladesh, similarly, could save nearly $125 in damages for each dollar spent on dikes to reduce the likelihood of flooding from once every three years to once a decade by mid-century. If used around the world, such measures could help cut what charity Christian Aid estimated was a global flood-damage bill of close to $46 billion last year. “It’s a huge return, and it creates jobs and adds to loc
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