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The economics and management of flood risk in Germany

Author

Listed:
  • Volker Meyer

    (Helmholtz-Zentrum für Umweltforschung − UFZ)

  • Reimund Schwarze

    (Europa University Viadrina and Helmholtz Centre for Environmental Research (UFZ))

Abstract

Assessing the economic impacts of flooding is a crucial part of identifying appropriate flood risk management options as required by the EU flood management directive. This chapter describes methods for assessing economic flood damage. To begin, some fundamental issues are discussed: Which types of economic flood damage should be taken into account? What kind of information is necessary in general for assessing flood damage in monetary terms and what is the general procedure for calculating economic flood damage? Having clarified these questions, the methodological challenges posed by economic flood risk management are described. This includes the indirect impacts, i.e. induced loss to customers and suppliers of good and services damaged by floods, and intangible impacts, i.e. the impacts of flooding on mortality and morbidity and the environment. Ways to deal with the persistent uncertainty in damage and risk assessments are discussed in the following chapter. The findings in this chapter will be evaluated in relation to flood risk management practices in Germany, based on examples from Saxony.

Suggested Citation

  • Volker Meyer & Reimund Schwarze, 2018. "The economics and management of flood risk in Germany," Discussion Paper Series RECAP15 30, RECAP15, European University Viadrina, Frankfurt (Oder).
    • Handle: RePEc:euv:dpaper:30
    as

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