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Is flooding becoming an ever-worse problem? No. As share of GDP, flooding costs 10x less today than it did 100 years ago. Read my peer-reviewed article: https://www.sciencedirect.com/science/article/pii/S0040162520304157 …pic.twitter.com/C8yZfw7uv6
Be wary of 'climate costs are increasing' — like ubiquitous "billion-dollar disasters" If there are 2x houses (or if each house cost 2x), a similar climate catastrophe will cost 2x That's why you need to correct for GDP, as even the UN SDGs point out https://unstats.un.org/sdgs/metadata/?Text=&Goal=11&Target=11.5 …pic.twitter.com/EB3gHAHA2X
Ask Jakarta.
What other factors are relevant to this interesting decline? What happens when you map the GDP standardized US wealth in the built environment? Do we now tend to build more robustly in places that flood less?
Just like increases in non standardized flood losses aren't attributed to increased flooding, I don't think it's reasonable to argue that the above suggests that flooding is declining. Human factors dominate both.
Yours is a life devoted to being dangerously wrong… for profit.https://www.google.com/amp/s/fortune.com/longform/insurance-industry-climate-change-swiss-re-reinsurance/amp/ …
Statistics tell us what we want to extract from them and by a particular point if view that suits our conclusions
A) the data from @NOAASatellitePA includes more than flooding, so a different numerator B) the data is only numerator ignoring the denominator & C) the geographic area is different so a change of denominator. I.e. The data sets cannot meaningfully be compared.
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