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Title: Future property damage from flooding: sensitivities to economy and climate change

Journal Article · · Climatic Change
 [1];  [1];  [2];  [3];  [1]
  1. Purdue Univ., West Lafayette, IN (United States)
  2. Stanford Univ., CA (United States)
  3. Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States)
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Using a unique dataset for Indiana counties during the period 1995-2012, we estimate the effects of flood hazard, asset exposure, and social vulnerability on property damage. This relationship then is combined with the expected level of future flood risks to project property damage from flooding in 2030 under various scenarios. We compare these scenario projections to identify which risk management strategy offers the greatest potential to mitigate flooding loss. Results show that by 2030, county level flooding hazard measured by extreme flow volume and frequency will increase by an average of 16.2% and 7.4%, respectively. The total increase in property damages projected under different model specifications range from 13.3% to 20.8%. Across models future damages consistently exhibit the highest sensitivity to future increases in asset exposure, reinforcing the importance of non-structural measures in managing floodplain development.

Research Organization:
Oak Ridge National Laboratory (ORNL), Oak Ridge, TN (United States)
Sponsoring Organization:
USDOE Office of Science (SC)
Grant/Contract Number:
AC05-00OR22725
OSTI ID:
1265732
Journal Information:
Climatic Change, Vol. 132, Issue 4; ISSN 0165-0009
Publisher:
SpringerCopyright Statement
Country of Publication:
United States
Language:
English
Citation Metrics:
Cited by: 17 works
Citation information provided by
Web of Science

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Cited By (6)

Spatial Assessment of Climate Risk for Investigating Climate Adaptation Strategies by Evaluating Spatial-Temporal Variability of Extreme Precipitation journal June 2019
Predictability of state-level flood damage in the conterminous United States: the role of hazard, exposure and vulnerability journal July 2017
Structural flood damage and the efficacy of property-level flood protection journal November 2018
Daily Precipitation Threshold for Rainstorm and Flood Disaster in the Mainland of China: An Economic Loss Perspective journal January 2020
A comparison of building value models for flood risk analysis journal January 2018
A comparison of building value models for flood risk analysis text January 2018

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54 ENVIRONMENTAL SCIENCES