Europe's response to an increasing risk of flooding has been stymied by a failure to allocate funding where it is needed, while the potential for 'green infrastructure' measures is being ignored, the European Court of Auditors (ECA) said on Tuesday.
Recent years have seen more than twice the number of medium to large flash floods as in the 1980s, the ECA said in a report on the implementation of the 2007 Floods Directive. “Research shows that damage caused by flooding could rise to €20 billion a year by the 2020s, €46 billion by the 2050s, and €98 billion by the 2080s,” it noted.
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