Flood risk choice is forcing choices we've been avoiding
Flooding is no longer a rare shock that our existing infrastructure can absorb. Events once described as "one-in-100-year floods" are occurring with alarming regularity. The risk to life and property is just the tip of the iceberg. Loves disrupted, businesses unable to operate, communities cut off crucial infrastructure rendered unusable, and long-term health impacts are less easily quantified, but they are real and growing.
In this article, David Norman, Chief Economist Australia and New Zealand, explores why better integration of engineering insight and economic analysis is critical to making fair, long-term choices about resilience, retreat and risk.
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GHD is a leading professional services company operating in the global markets of water, energy and resources, environment, property and buildings, and transportation. Committed to a vision to make water, energy, and communities sustainable for generations to come, GHD delivers advisory, digital, engineering, architecture, environmental and construction solutions to public and private sector clients. Established in 1928 and privately owned by its people, GHD’s network of 12,000+ professionals is connected across 165 offices located on five continents.