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Flood and drought risk management

Challenges

Floods and droughts have enormous environmental, social and economic consequences and it is expected that climate change effects will exacerbate their occurrence and impacts in the future. Management of extreme events requires an integrated risk management approach that includes prevention, preparedness, response and recovery. Furthermore, education, awareness-raising and communication to the general public and economic actors is needed to allow them to deal with transitions and change.

Bottlenecks

There is a lack of integration of currently scattered monitoring networks, as well as a need to overcome uncertainty in meteorological forecasts for flood and drought risk assessment at local and regional scales. Furthermore, there is a lack of integration of different dimensions of risk, insufficient knowledge on the economic value of risk and risk reducing measures, and a lack of awareness and preparedness of populations to deal with risks.

Market opportunities

Given the worldwide importance of extreme events and the potential for innovations in strategies and tools, there are numerous market opportunities for products and services at the European and international level. Private companies and industries can develop and commercialize services and products for prevention, protection and mitigation of extreme events, while water and land managers (both public and private) can improve their efficiency and promote demonstrations and showcases for export.

Objectives

State of the art, innovative flood and drought risk and crisis management information systems, integrating all relevant technological and societal aspects and actors, are increasingly implemented. In addition, novel approaches are established and implemented in the frame of a new risk management culture.

Initial Actions

The Steering Group of the EIP Water invites Action Groups to develop and test:

  1. Innovative extreme event prevention and protection tools, including sensor technology and monitoring networks, forecast and early-warning systems in urban, rural, riverine and coastal areas, for support of policy, land-use planning and emergency management.
  2. Innovative mitigation and adaptation measures to minimize climate change impacts, including the role of natural ecosystems and their protection.
  3. Integrated risk assessment and management approaches, ranging from planning to implementation of new insurance policies, bringing together the physical, economical, insurance, emergency management and social factors, based on resilience and social vulnerability and ensuring social acceptance.