Economics at your fingertips  

The economics and management of flood risk in Germany

Volker Meyer () and Reimund Schwarze
Additional contact information
Volker Meyer: Helmholtz-Zentrum für Umweltforschung − UFZ

No 30, Discussion Paper Series RECAP15 from RECAP15, European University Viadrina, Frankfurt (Oder)

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.

New Economics Papers: this item is included in nep-env and nep-rmg
Date: 2018-05
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... ds/recap15_DP030.pdf First version, 2018 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Discussion Paper Series RECAP15 from RECAP15, European University Viadrina, Frankfurt (Oder) Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Becker ().

Page updated 2019-10-27
Handle: RePEc:euv:dpaper:30