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Projecting Future Insured Coastal Flooding Damages with Climate Change

Author

Listed:
  • David C. Major

    (Center for Climate Systems Research, Columbia University)

  • Daniel Bader

    (Center for Climate Systems Research, Columbia University)

  • Robin Leichenko

    (Department of Geography, Rutgers, The State University of New Jersey)

  • Katie Johnson

    (Ca’ Foscari University of Venice)

  • Megan Linkin

    (Swiss Re America Holding Corporation)

Abstract

Estimates of future damages from climate change in coastal areas are of growing interest for climate change research and policy-making. A newly-developed methodology is applied to estimate total insured coastal damages with climate change for the period 2025-2085 in New York State, USA. Total damages without adaptation include future insured damages from economic growth and additional damages from climate change due to increases in flood frequency, based on two sea level rise scenarios. Data and methodological issues are discussed, and a comparison with the results of a metro New York City flood damage study using different data and methods is presented.

Suggested Citation

  • David C. Major & Daniel Bader & Robin Leichenko & Katie Johnson & Megan Linkin, 2014. "Projecting Future Insured Coastal Flooding Damages with Climate Change," Review of Environment, Energy and Economics - Re3, Fondazione Eni Enrico Mattei, April.
    • Handle: RePEc:fem:femre3:2014.04-02
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    Citations

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    Cited by:

    1. Abdul-Akeem Sadiq & Douglas Noonan, 2015. "Local capacity and resilience to flooding: community responsiveness to the community ratings system program incentives," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 78(2), pages 1413-1428, September.

    More about this item

    Keywords

    Climate Change; Urban Flood Damage; Future Damage Scenarios; Coastal Zones; Adaptation;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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