Flood losses in coastal cities will rise due to increasing populations and assets. Research now quantifies average losses in the 136 largest coastal cities. Estimated at approximately US$6 billion in 2005, average annual losses could increase to US$52 billion by 2050 on the basis of projected socio-economic change alone. If climate change and subsidence are also considered, current protection will need to be upgraded to avoid unacceptable losses.
- Stephane Hallegatte
- Colin Green
- Jan Corfee-Morlot
