39bn kroner needed to prevent flood damage

Sep 12, 2013

It will cost local councils 39 billion kroner over the next 20 years to implement measures that will prevent flooding in connection with heavy rains brought on as a consequence of climate change.

Local governments must present their plans for dealing with the effects of downpours to the Environment Ministry before the end of the year.

Once they are approved, councils will be able to begin calling for tenders for their initiatives.

Over 11 billion kroner in water damage claims was paid out by insurance companies each year between 2009 and 2011.

Erhverv & Økonomi

This story was included in The Copenhagen Post's Morning Briefing for Thursday, September 12. If you would like to receive stories like these delivered to your inbox by 8am each weekday, sign up for our Morning Briefing newsletter today.

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