Climate change is here.
Along with it, catastrophic floods are becoming alarmingly more and more common.
Adapting to a new climate reality is no easy task, but technological advancements offer a ray of hope.
Among the industry players tackling this challenge is quantum software company Multiverse Computing.
The Spanishstartuphas won 100,056 infundingfrom Innovate UK to improve flood risk assessment using quantum technology.
Current methods have been limited by the increased computational cost of running sophisticated simulations over large areas in high-resolution.
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If successful, it will move to Phase 2 next year, and the budget will amount to 1.2mn.
According to Moodys estimates the UK is facing over 700mn in losses due to inland flooding per year.
Sadly, examples of the phenomenons devastating impact are far too many.
In 2021,floods in Germany and Belgiumclaimed the lives of 209 people and cost over 30bn in damages.
This year, torrential rainparalysed central Greece.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
