The monetary benefit of early flood warnings in Europe

- Potential monetary benefits of early flood warnings are estimated based on the forecasts of the continental-scale European Flood Awareness System (EFAS).
- Benefits are of the order of 400 Euro for every 1 Euro invested.
- A sensitivity analysis is performed in order to test the uncertainty in the method. The largest source so uncertainty are the underlying damage data and the damage reduction percentages.
- Clear evidence that there is likely a substantial monetary benefit in this cross-border continental-scale flood early warning system.