Projecting Future Insured Coastal Flooding Damages with Climate Change
David C. Major,
Daniel Bader,
Robin Leichenko,
Katie Johnson and
Megan Linkin
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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
Megan Linkin: Swiss Re America Holding Corporation
Review of Environment, Energy and Economics - Re3, 2014
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.
Keywords: Climate Change; Urban Flood Damage; Future Damage Scenarios; Coastal Zones; Adaptation (search for similar items in EconPapers)
JEL-codes: O18 O21 O22 Q51 Q54 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femre3:2014.04-02
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