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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
Is correcting for GDP good enough? The effect that you are describing depends on wealth, not GDP, isn't it?
exactly right — GDP is a proxy, often really good, but not, for eg hurricanes, where so much of the US has moved to the coast, hence GDP undercorrectspic.twitter.com/TqyHds54za
And isn't increasing damage from floods caused primarily by the fact that urban sprawl means that flood plains are more likely to be built on in the first place?
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