It's unstoppable: future flood-related disasters will be bigger and costlier even if coastal cities take measures to improve infrastructure, shows a new study by the journal Nature Climate Change.
The recent report shows that global flood losses may hit $52 billion by 2050 from socioeconomic changes alone, with a 15 percent to 20 percent damage increase due to rising sea levels and earth's tectonic activity.
With no risk mitigation strategy, these costs may rise to more than $1 trillion annually by midcentury; however, improving standards of coastal protection and trying to decrease flooding may keep costs at about $60 billion.
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