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AGENDA
• Flood management in Britain and why it fails
• Why “most-at-risk” creates economically perverse incentives
• The case for a stand-alone flood agency
• The catchment system operator model
• Natural Capital accounts for river catchments
• The Cumbria pioneer
• Coastal and low lying areas
WHY DOES FLOOD MANAGEMENT FAIL?
• Short terms finance for a long term problem
• Political expediency dominates long term planning
• EA not fit-for-purpose – an EPA and a floods body
• Little connection between planning, land use and flood defences
WHY “MOST-AT-RISK” CREATES
PERVERSE INCENTIVES
• Deals with the impacts, not the causes
• Incentive to build on flood plains
• Lack of incentive to mitigate risks by property owners
• Creates permanent problems
THE CASE FOR A STAND ALONE BODY
• EA is regulator, prosecutor, policy advisor and flood operator and
flood investor (& much more as well…..)
• No management can combine all these skills
• EPA duties inevitably neglected
A single flood agency would provide
a focussed long term approach
THE CATCHMENT SYSTEM OPERATOR
CSO
CS PLAN
CSO CS PLAN
Recreational Land &
conservation
Water companies Flood defences Farmland Urban Areas
NATURAL CAPITAL ACCOUNTS
FOR RIVER CATCHMENTS
Renewable Natural
Capital
Non-renewable
Natural Capital
Assets at
risk Balance Sheet
DEBT
Capital Maintenance
Capital maintenance
THE CUMBRIAN PIONEER
Estuar
y
Towns Lowland Uplands
Coastal Containment Hard flood defences Farm water holding
Meandering rivers
Woodlands
Trees
Mires
COASTAL & LOW LYING AREAS
• The Somerset levels examples
• Sea walls and sea defences
• Soft coastal marshlands & managed retreats
• Ditches, sluices, pumping and traditional maintenance
A PROGRAMME FOR REFORM
• A clear long term objective
• A clear set of catchment plans
• A direct link between catchment plans and planning & development
land use
• A simple Flood Agency
• A CSO to integrate all the parts
• A regulated Asset Base/Utility long term financing model
www.dieterhelm.co.uk
Natural Capital
Network
Paper 1.
Catchment
management,
abstraction and
flooding
Dieter Helm
Feb 2015
Natural Capital
Network
Paper 2.
In defence of
the green belt
Dieter Helm
April 2015
Natural Capital
Network
Paper 3.
Flood defence:
Time for a radical
rethink
Dieter Helm
Jan 2016
Natural Capital
Network
Paper 4.
Green Bonds for
Natural Capital –
some issues
Dieter Helm
Jun 2016
Natural Capital
Network
Paper 5.
British
Agricultural
Policy after
BREXIT
Dieter Helm
Sep 2016
FOR INFORMATION

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Floodex video 17.05.17

  • 1.
  • 2. AGENDA • Flood management in Britain and why it fails • Why “most-at-risk” creates economically perverse incentives • The case for a stand-alone flood agency • The catchment system operator model • Natural Capital accounts for river catchments • The Cumbria pioneer • Coastal and low lying areas
  • 3. WHY DOES FLOOD MANAGEMENT FAIL? • Short terms finance for a long term problem • Political expediency dominates long term planning • EA not fit-for-purpose – an EPA and a floods body • Little connection between planning, land use and flood defences
  • 4. WHY “MOST-AT-RISK” CREATES PERVERSE INCENTIVES • Deals with the impacts, not the causes • Incentive to build on flood plains • Lack of incentive to mitigate risks by property owners • Creates permanent problems
  • 5. THE CASE FOR A STAND ALONE BODY • EA is regulator, prosecutor, policy advisor and flood operator and flood investor (& much more as well…..) • No management can combine all these skills • EPA duties inevitably neglected A single flood agency would provide a focussed long term approach
  • 6. THE CATCHMENT SYSTEM OPERATOR CSO CS PLAN CSO CS PLAN Recreational Land & conservation Water companies Flood defences Farmland Urban Areas
  • 7. NATURAL CAPITAL ACCOUNTS FOR RIVER CATCHMENTS Renewable Natural Capital Non-renewable Natural Capital Assets at risk Balance Sheet DEBT Capital Maintenance Capital maintenance
  • 8. THE CUMBRIAN PIONEER Estuar y Towns Lowland Uplands Coastal Containment Hard flood defences Farm water holding Meandering rivers Woodlands Trees Mires
  • 9. COASTAL & LOW LYING AREAS • The Somerset levels examples • Sea walls and sea defences • Soft coastal marshlands & managed retreats • Ditches, sluices, pumping and traditional maintenance
  • 10. A PROGRAMME FOR REFORM • A clear long term objective • A clear set of catchment plans • A direct link between catchment plans and planning & development land use • A simple Flood Agency • A CSO to integrate all the parts • A regulated Asset Base/Utility long term financing model
  • 11.
  • 12. www.dieterhelm.co.uk Natural Capital Network Paper 1. Catchment management, abstraction and flooding Dieter Helm Feb 2015 Natural Capital Network Paper 2. In defence of the green belt Dieter Helm April 2015 Natural Capital Network Paper 3. Flood defence: Time for a radical rethink Dieter Helm Jan 2016 Natural Capital Network Paper 4. Green Bonds for Natural Capital – some issues Dieter Helm Jun 2016 Natural Capital Network Paper 5. British Agricultural Policy after BREXIT Dieter Helm Sep 2016 FOR INFORMATION