Project

EFLIP - Economic impacts of Flood risk in Lombardy and Innovative risk mitigation Policy

Goal: EFLIP (https://www.eflip-project.org/) is a project led by CMCC, with the participation of CIMA Foundation and IUSS, which aims at better appreciating the financial and economic risks posed by flood hazard in Lombardy by analysing micro- and macro-economic consequences of flood events. Because of Lombardy’s critical role for Italian economy, the project will assess how the amplifying flood risk within the region may threaten economic growth and cohesion in Italy.
The projects aims to:

- Analyse and fill in the gaps in the past records of damage and losses caused by floods in Lombardy and contribute building an open-access, regional flood hazard, vulnerability and risk database.

- Enhance understanding of how flood risk will be amplified as a result of environmental (including climate) change.

- Analyse the direct and indirect economic impacts of floods on the regional and national economy and cohesion, and perform economic micro- and macro-economic assessments to inform regional disaster risk and climate adaptation strategies and plans.

- Develop and validate innovative financial frameworks and incentives for flood risk protection, and recommend appropriate changes to legal, policy and/or regulatory frameworks.

Date: 15 November 2019 - 15 November 2021

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Project log

Elisa Calliari
added an update
Dissemination, communication and exploitation are vital components of our strategy to maximise EFLIP’s intended impacts. This deliverable outlines the EFLIP Dissemination and Exploitation Plan (EDEP) and defines outcomes, timing, content and language for related activities. It also details how the plan will be managed, monitored and evaluated by the EFLIP team. The EDEP is a ‘living document’, and will be constantly updated and edited to ensure it adapts to changing circumstances.
 
Elisa Calliari
added an update
The first Stakeholders meeting was held in Milan on 10th February 2020. The aim of the meeting was to provide an overview and receive feedback on the project and its objectives, and to kick-start a dialogue with the invited stakeholders. About 20 stakeholders from the Lombardy Region, the Municipality of Milan, Reclamation Consortia and the insurance sector participated to the meeting.
 
Elisa Calliari
added an update
This document collects previously scattered data on the economic impact of flood events in Lombardy between 2014 and 2019 and for which a National state of emergency was declared. It includes the indemnities paid to insurance policy holders, compensations paid for uninsured residential flood damage and state aid provided to economic entities to foster recovery. The document represent a first step in the creation of a comprehensive impact dataset for significant flood events occurred in Lombardy.
 
Elisa Calliari
added a project goal
EFLIP (https://www.eflip-project.org/) is a project led by CMCC, with the participation of CIMA Foundation and IUSS, which aims at better appreciating the financial and economic risks posed by flood hazard in Lombardy by analysing micro- and macro-economic consequences of flood events. Because of Lombardy’s critical role for Italian economy, the project will assess how the amplifying flood risk within the region may threaten economic growth and cohesion in Italy.
The projects aims to:
- Analyse and fill in the gaps in the past records of damage and losses caused by floods in Lombardy and contribute building an open-access, regional flood hazard, vulnerability and risk database.
- Enhance understanding of how flood risk will be amplified as a result of environmental (including climate) change.
- Analyse the direct and indirect economic impacts of floods on the regional and national economy and cohesion, and perform economic micro- and macro-economic assessments to inform regional disaster risk and climate adaptation strategies and plans.
- Develop and validate innovative financial frameworks and incentives for flood risk protection, and recommend appropriate changes to legal, policy and/or regulatory frameworks.