The frequency of severe flooding across Europe is set to double by 2050 and over the same period there could be a nearly fivefold increase in the annual economic losses resulting from floods, a study has found.Climate change and an increase in rainfall will account for about a third of the losses by mid-century, with the rest of the increase being due to more properties and infrastructure falling within flood risk areas, scientists said.
An analysis of how rainfall patterns are likely to change over the coming decades, and how river levels are set to breach existing flood defences, has found that flooding will increasingly become a pan-European problem that does not respect territorial or national borders, the researchers said.
If the rivers are flooding in Central Europe, they are likely to also be flooding Eastern European regions. There is a need to be prepared for larger stress in risk-financing mechanisms, such as the pan-European solidarity fund, a financial tool for financing disaster recovery in the European Union.
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