Consideration of Costs and Benefits in Flood Risk Management (PAP014363)
Klaus Träbing, Stephan Theobald
Flood resilient societies through community preparedness
The EUs flood risk management directive from 2007 (Directive 2007/60/EC of the European Parliament and of the Council of 23 October 2007 on the assessment and management of flood risks, 6.11.2007 Official Journal of the European Union L 288/27-34) does not require an explicit cost-benefit-analysis (CBA) in flood risk management plans (FRMP).To give an idea about the consideration of effort and gain the FRMP Fulda established in the German Federal State of Hessen is taken as an example. A second example on the use of cost-benefit-analysis (CBA) in European Flood Risk Management is given by the ?Flood-CBA?-project. A short introduction to the method of CBA in FRM is followed by the assessment of CBA in Europe and corresponding conclusions.