27-01-2010

UK: Investing for the future

Also in the UK, the latest climate change predictions indicate that flooding and coastal erosion are likely to increase in the future. A long-term investment strategy sets out the scale of the investment needed to meet this challenge over the next 25 years.

The strategy sets out the best available evidence on the choices the people of England face about how much money should be invested in managing the increasing risk of flooding and coastal erosion due to climate change and asset deterioration over the next 25 years (2010-2035).

The report shows that investment in building and maintaining of flood defences will need to almost double to £1 billion (€ 1,15 billion) a year (compared to £570 million or € 660 million now) by 2035. This figure excludes the cost of managing the risk of surface and ground water flooding and other activities such as flood warning and development control.

The Environment Agency is keen to encourage a public debate on how future funding needs are best met.

To download the strategy, click on the image below.
For more information click here.