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

Aviva debuts new flood resilience app

Aviva debuts new flood resilience app

Resilico Connect app aims to help customers in high-risk areas better prepare for flood-related disruption

James Murray
clock 23 April 2026 • 3 min read
Environment Agency exceeds flood protection target by 10,000 properties

Environment Agency exceeds flood protection target by 10,000 properties

Government surpasses original target of ensuring 52,000 properties are better protected from flooding through improved defences

clock 17 April 2026 • 3 min read
 Could AI help protect the UK's million 'undefended' properties from rising flood risks?

Could AI help protect the UK's million 'undefended' properties from rising flood risks?

New AI-powered flood readiness model helps identify over a million undefended buildings across England at growing risk from flooding

clock 15 April 2026 • 7 min read