Flood Risk Management: How to do it right?
Flooding events are on the rise across the world, in fact there is an increasing trend in the number of disasters and their total economic impacts. Floods have the greatest damage potential of all-natural disasters and affect the greatest number of people. Flood risk ignores borders, rainfall in one location can correlate to flooding in another. On a global basis, there is evidence that damages resulting from flooding are on the rise at an alarming rate. It is estimated that flooding affects more than 250 million people globally each year and results in over 1000 crores in economic damages. This is a trend that will continue unless concerted actions are taken to mitigate the impacts from flood risks.