According to the most accurate model yet developed, flood damage losses across Europe are expected to increase four fold by 2050.
The scientists believe that the continent's annual flood costs may be 23.5bn euros by the middle of the century.
Two-thirds of the projected increase in flood damage will be caused by human development, not climate change.
The study has been published in the journal Nature Climate Change.
BBC: Europe-wide flood losses to 'increase four fold' by 2050
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