Abstract
A yearly maximum sea level simulator for Stockholm is presented. The simulator combines extreme sea level estimates and mean sea level rise projections into a joint probabilistic framework. The framework can be used, for example, to assess the risk that new structures placed at the current minimum allowed height above the sea level can become flooded in the future. Such assessments can be used to underpin future building free levels, which would be a great improvement over the much more arbitrary criteria in use today. Another strong point of the framework is that it can be used to quantify the influence of uncertainties in mean sea level projections, estimates of sea level extremes and future emission scenarios on the risk of flooding. For Stockholm mean sea level uncertainty is found to be much more important than extreme sea level uncertainty. The framework is also set-up to test adaptation measures. It is found that protections that are built once the mean sea level has risen above some given threshold can be very efficient. Lastly, the framework is embedded into a simple decision problem that can be used to calculate risk/reward ratios for land development as a function of height above today's mean sea level.