The increasing frequency and intensity of flooding events worldwide due to climate change have drawn attention to the pressing issue of flood risk management. The loss of life can be devastating, particularly in less developed and more vulnerable parts of the world. In developed countries, the response is likely to save lives but sees a greater economic loss because of the damage to expansive and advanced infrastructure. That said, even in the developed world there is a big difference between the impact on low-income and affluent areas within the same regions.
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Source: Phys.org