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Coal, oil sands companies feel growing insurance squeeze

Coal, oil sands companies feel growing insurance squeeze
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Flood risk to new homes in England and Wales will increase in disadvantaged areas

Date Time Flood risk to new homes in England and Wales will increase in disadvantaged areas The building of new homes continues in flood-prone parts of England and Wales, and losses from flooding remain high. A new study, which looked at a recent decade of house building, concluded that a disproportionate number of homes built in struggling or declining neighbourhoods will end up in high flood-risk areas due to climate change. The study, by Viktor Rözer and Swenja Surminski from the Grantham Research Institute, used property-level data for new homes and information on the socio-economic development of neighbourhoods to analyse spatial clusters of disproportional increase in the flood exposure of newly built homes and investigated how these patterns evolve in different climate change scenarios. Their findings, which discuss the issues of spending on flood defences and the role of spatial planning in adopting to climate change, are published in the IOP Publishing journal, Environme

New homes in poorer areas of England and Wales face undue flood risk

Last modified on Tue 27 Apr 2021 08.38 EDT A disproportionate number of homes built in disadvantaged neighbourhoods over the past decade will end up in high flood-risk areas as a result of climate breakdown, a study has revealed. According to a report from the Grantham Research Institute, without further action the share of homes built between 2008 and 2018 that will be considered at high risk of flooding by the 2050s is expected to increase from 5% to 7% under a 2C warming scenario, or 14% under a “high-end warming scenario”. The figures for disadvantaged neighbourhoods are 9% and 21% respectively. The study, led by Viktor Rözer and Swenja Surminski, used data from Ordnance Survey to examine the flood exposure of new-build properties and the socioeconomic development of neighbourhoods.

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