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Climate change poses major risk to Flood Insurance Program, says Marshall Burke | TheHill

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Marshall Burke spoke at the Financial Services Subcommittee on National Security, International Development and Monetary Policy about how climate change poses risks to the National Flood Insurance Program.

“Environmental experts on Wednesday warned House lawmakers about risks to the National Flood Insurance Program (NFIP) posed by climate change, saying the situation is likely to worsen in the coming years.

The hearing, hosted by the Financial Services Subcommittee on National Security, International Development and Monetary Policy, focused on the macroeconomic effects from climate change and the monetary risks associated with it.

Marshall Burke, assistant professor of earth system science at Stanford University, said at Wednesday’s hearing that the evidence from climate change research suggests southern states are most vulnerable to flooding.

‘On the coast, what we know about tropical cyclones or hurricanes — we don’t have clear evidence that there will be more or less of them — but we know they will be more powerful and move more slowly. That will dramatically increase the likelihood of coastal flooding,’ Burke said.”

 

Read more: Climate change poses major risk to flood insurance program, experts warn | TheHill

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