Tally it all up, and flooding is going to become a bigger, more expensive problem for the world's coastal cities. How much bigger? A new study in Nature Climate Change estimates that average annual losses from flooding in the world's biggest coastal cities could rise from about $6 billion per year today to $1 trillion per year by 2050.
But that's only if cities took no preventative action at all. By contrast, if coastal cities worked to bolster their defenses — from levees to pumps to movable barriers — and improved flood monitoring, then the average annual losses go down to $63 billion per year. That's still a big increase, but it's not nearly as steep. (That said, the authors estimate those defenses could cost around $50 billion per year between now and 2050.)
The United States is well-represented here, not least because its cities are so wealthy and have a lot of stuff to damage: New York City faces about $2 billion in annual losses from flooding in 2050, Miami faces $2.5 billion per year, and New Orleans faces $1.8 billion per year. Boston and Tampa Bay are also looking at considerable expenses. Again, this is all assuming these cities improve their flood defenses to maintain "relative risk levels."
Meanwhile, notice that the city facing the highest absolute costs, by far, is Guangzhou — and that 5 of the 20 cities facing the steepest flooding costs are located in China. Studies like these may help explain why the Chinese government has placed an increased focus on climate change in recent years.*
It's worth noting, however, that climate change is only part of the reason for the increase in flooding risks. The authors estimate that average flood damage would increase to about $52 billion annually even if climate change wasn't a factor at all — just based on population and economic growth. (As more and more Americans move to the coast, the cost of flooding goes up.) Rising sea levels then add another $11 billion per year on top of that.
Even that could be a low-end estimate, though: This study is factoring in relatively mild sea-level rise scenarios of just 7.9 inches by mid-century. If the seas rise more, the costs go up. And then there are the years after 2050 to consider. A recent leaked draft of the forthcoming IPCC report suggested that sea levels could rise more than three feet by the end of the century if emissions continue unchecked.
It's also worth taking a look at the map of cities that will see the biggest relative increase in average annual losses between now and 2050 (these aren't absolute costs, but they'll see the biggest change). Many of these cities, like Houston and Istanbul and Athens and Alexandria, don't usually feature prominently in sea-level-rise conversations:
Note that the map above is assuming a relatively mild sea-level rise (7.9 inches by mid-century) and a steady investment in flood-control technology.
* Note: Another option is to look at which cities are expected to face the most damage as a percentage of their overall GDP. In that case, the top-ten list looks a bit different, composed more heavily of cities in poorer countries:
1) Guangzhou, China
2) New Orleans, United States
3) Guayaquil, Ecuador
4) Ho Chi Minh City, Vietnam
5) Abidjan, Cote d'Ivoire
6) Zhanjing, China
7) Mumbai, India
8) Khulna, Bangladesh
9) Palembang, Indonesia
10) Shenzen, China.
--Can we stop the seas from rising? Yes, but less than you think.