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The case for investing in flood resilience in emerging countries becomes stronger, due to urbanization in coastal areas and industrialization against the background of climate change. The number of flood related disasters occurring is increasing while the people and assets that are at risk are growing. Already now the costs of adaptation worldwide between 2010 and 2050 to an approximately 20°C warmer world by 2050 is estimated in the range of $70 billion to $100 billion a year. Flood protection and water supply are among the top three sectors in terms of adaptation costs. It is expected that the private sector should foot the bill substantially. Availability of public funding is far from sufficient. The European Commission expects this to be only 20% of the bill.
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