UpdatedMon, Jan 25, 2021 at 6:17 pm PT
Reply
The study estimates blames climate change for more than a third of the estimated $199 billion in damages caused by floods related to climate change from 1988 to 2017, the report aid. (Shutterstock)
STANFORD, CA Flood damage attributed to climate change over a period of three decades has cost the United States nearly $75 billion according to a Stanford study released earlier this month, Stanford News reports
The study estimates blames climate change for more than a third of the estimated $199 billion in damages caused by floods related to climate change from 1988 to 2017, the report aid.
The study was published Proceedings of the National Academy of Sciences Jan. 11.
Climate change caused one-third of historical flood damages
In a new study, Stanford researchers report that intensifying precipitation contributed one-third of the financial costs of flooding in the United States over the past three decades, totaling almost $75 billion of the estimated $199 billion in flood damages from 1988 to 2017.
The research, published Jan. 11 in the journal
Proceedings of the National Academy of Sciences, helps to resolve a long-standing debate about the role of climate change in the rising costs of flooding and provides new insight into the financial costs of global warming overall.
“The fact that extreme precipitation has been increasing and will likely increase in the future is well known, but what effect that has had on financial damages has been uncertain,” said lead author Frances Davenport, a PhD student in Earth system science at Stanford’s School of Earth, Energy & Environmental Sciences (Stanford Earth). “Our analysis allows us to is
Flooding has caused hundreds of billions of dollars in damage in the U.S. over the past three decades. Researchers found that 36 percent of the costs of flooding in the U.S. from 1988 to 2017 were a result of intensifying precipitation, consistent with predictions of global warming.
In a new study, Stanford researchers report that intensifying precipitation contributed one-third of the financial costs of flooding in the United States over the past three decades, totaling almost $75 billion of the estimated $199 billion in flood damages from 1988 to 2017.