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Massachusetts, USA – Heavy downpours caused flooding on Martha’s Vineyard and Nantucket Saturday. The National Weather Service issued a flood warning and reported 3.35 inches in Edgartown in a relatively short time.
Flood prevention
Asia faces surging threats from coastal and river flooding as climate change brings more intense rainfall and rising seas – but investing now in dikes and other measures to stem risks could have big financial payoffs, researchers said on Thursday.
Since 1980, flooding has cost the world more than $1 trillion in losses, according to insurer Munich RE, and threats are increasing as population growth, migration and new construction put more people and assets at risk.
Aqueduct Floods data shows that by 2030, 132 million people and urban property valued at $535 billion are likely to be hit annually by river flooding.
India, Bangladesh and Pakistan are likely to see the biggest number of people affected, while India, China and Democratic Republic of Congo could see the largest losses to urban infrastructure.
On coastlines, 15 million people and $177 billion in urban infrastructure could be affected by floods each year by 2030.
A relatively small investment in flood prevention by building dikes to reduce flooding could yield a huge saving of more than 250 times the money spent as flood damages.
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