Rising global temperature has put increasing pressure on understanding the linkage between atmospheric warming and the occurrence of natural hazards. While the Paris Agreement has set the ambitious target to limiting global warming to 1.5°C compared to preindustrial levels, scientists are urged to explore scenarios for different warming thresholds and quantify ranges of socioeconomic impact. In this work, we present a framework to estimate the economic damage and population affected by river floods at global scale. It is based on a modeling cascade involving hydrological, hydraulic and socioeconomic impact simulations, and makes use of state‐of‐the‐art global layers of hazard, exposure and vulnerability at 1‐km grid resolution. An ensemble of seven high‐resolution global climate projections based on Representative Concentration Pathways 8.5 is used to derive streamflow simulations in the present and in the future climate. Those were analyzed to assess the frequency and magnitude of river floods and their impacts under scenarios corresponding to 1.5°C, 2°C, and 4°C global warming. Results indicate a clear positive correlation between atmospheric warming and future flood risk at global scale. At 4°C global warming, countries representing more than 70% of the global population and global gross domestic product will face increases in flood risk in excess of 500%. Changes in flood risk are unevenly distributed, with the largest increases in Asia, U.S., and Europe. In contrast, changes are statistically not significant in most countries in Africa and Oceania for all considered warming levels.

Nowadays, the development of high-resolution flood hazard models have become feasible at continental and global scale, and their application in developing countries and data-scarce regions can be extremely helpful to increase preparedness of population and reduce catastrophic impacts. The present work describes the development of a novel procedure for global flood hazard mapping, based on the most recent advances in large scale flood modelling. We derive a long-term dataset of daily river discharges from the global hydrological simulations of the Global Flood Awareness System (GloFAS). Streamflow data is downscaled on a high resolution river network and processed to provide the input for local flood inundation simulations, performed with a two-dimensional hydrodynamic model. All flood-prone areas identified along the river network are then merged to create continental flood hazard maps for different return periods at 30’’ resolution. We evaluate the performance of our methodology in several large river basins by comparing simulated flood maps with a mosaic of flooded areas detected from satellite images for the same reference period. We further investigate the sensitivity of the flood modelling framework to different parameters and modelling approaches and identify strengths, limitations and possible improvements of the methodology.JRC.H.7-Climate Risk Managemen

At the current rate of global warming, the target of limiting it within 2 degrees by the end of the century seems more and more unrealistic. Policymakers, businesses and organizations leading international negotiations urge the scientific community to provide realistic and accurate assessments of the possible consequences of so called “high end” climate scenarios. This study illustrates a novel procedure to assess the future flood risk in Europe under high levels of warming. It combines ensemble projections of extreme streamflow for the current century based on EURO-CORDEX RCP 8.5 climate scenarios with recent advances in European flood hazard mapping. Proposed novelties include a threshold-based evaluation of extreme event magnitude and frequency, an alternative method to removing bias in climate projections, the latest pan-European exposure maps, and an improved flood vulnerability estimation. Estimates of population affected and direct flood damages indicate that by the end of the century the socio-economic impact of river floods in Europe is projected to increase by an average 220% due to climate change only. When coherent socio-economic development pathways are included in the assessment, central estimates of population annually affected by floods range between 500,000 and 640,000 in 2050, and between 540,000 and 950,000 in 2080, as compared to 216,000 in the current climate. A larger range is foreseen in the annual flood damage, currently of 5.3 B€, which is projected to rise at 20 to 40 B€ in 2050 and 30 to100 B€ in 2080, depending on the future economic growth.JRC.H.7-Climate Risk Managemen