The Environment Agency has demanded more cash to bolster flood defences to protect those living along the cost from the effects of global warming.
The announcement comes following a report by the Association of British Insurers into coastal flood risk, which recommends more cash be spent on flood defences. EA Chief Executive Barbara Young said that the conclusions of this, and previous reports, emphasise the need to plan for climate change.'We have to manage the growing flood risk we face from the impacts of already unavoidable climate change,' she said. 'Flood defences are one of the Environment Agency's highest priorities and all the research, including the latest from the ABI, shows that more investment is needed for flood risk management.Last week Young told NCE that flood defence spending should be £1bn per annum, rather than the current £500 million (News last week).Young said that the east and south coasts are at particular risk from rising sea levels and more frequent storms, and 'funding levels will not only need to be maintained but increased over the next few years,' she said.The ABI report is the latest in a series, including the Foresight report - Future Flooding, which emphasise the risks of global warming. The Foresight report estimated that investment in flood defences should increase by £10-30 million each year, at current prices, to limit annual climate-related damage of £2b per year by 2080, which is double the cost of damage experienced today.