Estimating economic damage from climate change in the United States.

Estimates of climate change damage are central to the design of climate policies. Here, we develop a flexible architecture for computing damages that integrates climate science, econometric analyses, and process models. We use this approach to construct spatially explicit, probabilistic, and empirically derived estimates of economic damage in the United States from climate change. The combined value of market and nonmarket damage across analyzed sectors-agriculture, crime, coastal storms, energy, human mortality, and labor-increases quadratically in global mean temperature, costing roughly 1.2% of gross domestic product per +1°C on average. Importantly, risk is distributed unequally across locations, generating a large transfer of value northward and westward that increases economic inequality. By the late 21st century, the poorest third of counties are projected to experience damages between 2 and 20% of county income (90% chance) under business-as-usual emissions (Representative Concentration Pathway 8.5).

Uncertainties and constraints on breaching and their implications for flood loss estimation.

Around the coasts of the southern North Sea, flood risk is mediated everywhere by the performance of natural and man-made flood defences. Under the conditions of extreme surge with tide water levels, the performance of the defences determines the extent of inland flooding. Sensitivity tests reveal the enormous increase in the volume of water that can pass through a defence once breaching is initiated, with a 1m reduction in sill elevation doubling the loss. Empirical observations of defence performance in major storm surges around the North Sea reveal some of the principal controls on breaching. For the same defence type, the maximum size and depth of a breach is a function of the integral of the hydraulic gradient across the defence, which is in turn determined by the elevation of the floodplain and the degree to which water can continue to flow inland away from the breach. The most extensive and lowest floodplains thereby "generate" the largest breaches. For surges that approach the crest height, the weaker the protection of the defence, the greater the number of breaches. Defence reinforcement reduces both the number and size of the breaches.

Catastrophe loss modelling of storm-surge flood risk in eastern England.

Probabilistic catastrophe loss modelling techniques, comprising a large stochastic set of potential storm-surge flood events, each assigned an annual rate of occurrence, have been employed for quantifying risk in the coastal flood plain of eastern England. Based on the tracks of the causative extratropical cyclones, historical storm-surge events are categorized into three classes, with distinct windfields and surge geographies. Extreme combinations of "tide with surge" are then generated for an extreme value distribution developed for each class. Fragility curves are used to determine the probability and magnitude of breaching relative to water levels and wave action for each section of sea defence. Based on the time-history of water levels in the surge, and the simulated configuration of breaching, flow is time-stepped through the defences and propagated into the flood plain using a 50 m horizontal-resolution digital elevation model. Based on the values and locations of the building stock in the flood plain, losses are calculated using vulnerability functions linking flood depth and flood velocity to measures of property loss. The outputs from this model for a UK insurance industry portfolio include "loss exceedence probabilities" as well as "average annualized losses", which can be employed for calculating coastal flood risk premiums in each postcode.