Homeowners and flood risk: A disconnect between awareness and actions?
Gepubliceerd: 28 september 2023
Door: David-Jan Jansen
For homeowners, climate change can have implications through physical as well as transition shocks. Based on two surveys among Dutch homeowners, we find evidence for a disconnect between awareness and intentions to mitigate. Owners of at-risk properties are ten percentage points more likely to see floods as the main threat to their home. However, at-risk owners are also five percentage points less likely to consider improving their property's energy efficiency. Trust in flood protection turns out to be a relevant factor. In particular, at-risk owners with high levels of trust are less likely to consider improvements in energy efficiency. We discuss implications for risk communication.
Keywords: homeownership; floods; mitigation; risk communication
JEL codes Q54; Q56; D14
Working paper no. 791
791- Homeownership; floods; mitigation; risk communication
Research highlights
- Based on two surveys among Dutch households, this paper finds evidence for a disconnect between climate risk awareness and intentions to mitigate.
- Owners of at-risk properties are more likely to see floods as the main threat to their home, but less likely to consider improving their property's energy efficiency.
- Trust in flood protection turns out to be a relevant factor.
- In particular, at-risk owners with high levels of trust in flood protection are less likely to consider improvements in energy efficiency.
- Risk communication should make explicit that ensuring adequate levels of flood protection will also require continued investments.
Ontdek gerelateerde artikelen
DNB maakt gebruik van cookies
Om de gebruiksvriendelijkheid van onze website te optimaliseren, maken wij gebruik van cookies.
Lees meer over de cookies die wij gebruiken en de gegevens die we daarmee verzamelen in onze cookie-policy.