Flood damage from rising seas due to global warming could hit U.S. $482 billion: researchers
Damage from floods due to sea level rises as a result of global warming could reach up to U.S. $482 billion, or some 52.5 trillion yen, on a global scale at the end of the current century, according to an estimate by a team of Japanese researchers, including experts from Ibaraki University.
The damage could be reduced by 60 to 70 percent if 1-meter-high dikes are built to lessen the damage although the cost of construction of such facilities could be as much as $203 billion, or approximately 22.1 trillion yen, according to the team's report published in an international online journal on climate change.
Associate professor Makoto Tamura of environmental policy at Ibaraki University, who led the research team, urges that such infrastructure should be planned from a long-term perspective.
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The research team has warned that if sea levels rise by 50 centimeters by 2100, floods at high tide during spring tide could affect up to 420,000 square kilometers globally, mainly areas around river mouths and low-lying areas. The Yangtze River Delta in China that includes Shanghai and the Mekong Delta in Vietnam are feared to be hit particularly hard, which could affect up to 106 million people and cause $169 billion to $482 billion worth of damage to infrastructure and agriculture.
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