chapter  9
32 Pages

The National Flood Insurance Program (NFIP) and Climate-Resilient Waterfront Development in New York City

ByWouter Botzen, Jeroen Aerts

The recently published report of the New York City Panel on Climate Change (NPCC)  indicates that climate change poses a challenge for waterfront development in New  York City (NYC), given the uncertain risks of sea-level rise and more flooding (NPCC,  2010). The NPCC states that NYC is vulnerable to coastal storm surges, which are  associated with either late summer-autumn hurricanes or extra-tropical cyclones in the  winter period (‘nor’easters’). Climate change and sea-level rise is projected to increase  the frequency and intensity of flood events, and although these events are relatively  rare, it is relevant to address flood risks in current and planned urban development  activities, such as waterfronts, because they can cause considerable losses (Aerts et al,  2009).