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Flood damage cost to rise fivefold across Europe, study says

2014-03-02 19:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The huge cost of flood damage is set to soar fivefold across Europe in coming decades, according to the first comprehensive analysis of risk across the continent. The cost of homes, belongings, businesses and infrastructure wrecked by the wettest winter in England for 250 years has been at least 1bn and over the last decade the average annual loss across the European Union has been EUR4.5bn. But increasingly intense downpours driven by climate change, as well as population growth and urbanisation,...

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