Flood damage cost to rise fivefold across Europe, study says

clock

Increasingly intense downpours driven by climate change will see flood damages rise from €4.5bn to €23bn a year by 2050

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...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

CDP launches AI-powered 'Adaptation & Action Explorer'

CDP launches AI-powered 'Adaptation & Action Explorer'

New platform aims to connect climate hazard data and government disclosures to support 'smarter, investment-ready resilience planning'

James Murray
clock 09 June 2026 • 2 min read
Study: Global climate costs 'now rivalling a major financial crisis'

Study: Global climate costs 'now rivalling a major financial crisis'

Bloomberg Intelligence report estimates costs linked to extreme weather are set to double to more than $20tr over the coming decade

James Murray
clock 04 June 2026 • 2 min read
Study: 2025 costliest year on record for wildfires

Study: 2025 costliest year on record for wildfires

Research from University of East Anglia warns human-caused climate change is making fires more extreme and damaging, leading to increased financial costs

clock 02 June 2026 • 3 min read