Projecting Future Insured Coastal Flooding Damages with Climate Change

11 Pages Posted: 12 Apr 2014

See all articles by David Major

David Major

Center for Climate Systems Research, Columbia University

Daniel Bader

Columbia University - Center for Climate Systems Research

Robin M. Leichenko

Rutgers, The State University of New Jersey - Geography

Katie Johnson

Centro Euro-Mediterraneo sui Cambiamenti Climatici

Megan Linkin

Swiss Re America Holding Corporation

Date Written: April 11, 2014

Abstract

Estimates of future damages from climate change in coastal areas are of growing interest for climate change research and policy-making. A newly-developed methodology is applied to estimate total insured coastal damages with climate change for the period 2025-2085 in New York State, USA. Total damages without adaptation include future insured damages from economic growth and additional damages from climate change due to increases in flood frequency, based on two sea level rise scenarios. Data and methodological issues are discussed, and a comparison with the results of a metro New York City flood damage study using different data and methods is presented.

Keywords: Climate change, Urban flood damage, Future damage scenarios, Coastal zones, Adaptation

JEL Classification: O18, O21, O22, Q51, Q54

Suggested Citation

Major, David and Bader, Daniel and Leichenko, Robin M. and Johnson, Katie and Linkin, Megan, Projecting Future Insured Coastal Flooding Damages with Climate Change (April 11, 2014). Review of Environment, Energy and Economics (Re3), April 2014, Available at SSRN: https://ssrn.com/abstract=2423783

David Major

Center for Climate Systems Research, Columbia University ( email )

2880 Broadway, 5th Floor
New York, NY 10025
United States

Daniel Bader

Columbia University - Center for Climate Systems Research ( email )

2880 Broadway, 5th Floor
New York, NY 10025
United States

Robin M. Leichenko (Contact Author)

Rutgers, The State University of New Jersey - Geography ( email )

New Brunswick, NJ 08901

Katie Johnson

Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

Isola di San Giorgio Maggiore
Venice, 30124
Italy

Megan Linkin

Swiss Re America Holding Corporation ( email )

5200 Metcalf Avenue
Overland Park, KS 66202
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
88
Abstract Views
833
Rank
426,712
PlumX Metrics