Costing floods and other extreme events

Status: Active
Operational Plan: 2019 - 2020

Understanding the economic costs of floods and other extreme weather and climate events is central to addressing impacts, allocating adequate resources for monitoring and preparedness, and building resilient communities. At present, methods for estimating the costs of flood damage vary significantly across North America. This project aims to develop a standardized methodology for assessing the cost of extreme floods, and to extend it to a multi-hazard assessment incorporating other extreme events (e.g., hurricanes, tornadoes, forest fires, landslides) as a resource for decision-makers.