• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Venice

Venice Is Flooding Because of Climate Change, But Corruption Is Keeping It Under Water

By
Brittany Shoot
Brittany Shoot
Down Arrow Button Icon
By
Brittany Shoot
Brittany Shoot
Down Arrow Button Icon
October 30, 2018, 6:35 PM ET

More than 75% of the Italian city of Venice was inundated by high tides and extreme winds on Monday and Tuesday, leaving most of the so-called “Floating City” with the worst flooding in a decade. After two days of heavy rain across Italy, Venice, known for its iconic waterways, can hopefully begin to recover.

At least 11 people have died across Italy due to severe weather in the past days, including landslides and flooding, according to The Weather Channel. Roughly half of Italy has been impacted by the extreme weather, and more than 5,800 firefighters have been activated to answer more than 7,000 emergency rescue calls across the country.

In Venice, where the flood waters are only just now beginning to recede, police tweeted photos of officers rescuing tourists stranded by the rising waters.

#29ottobre #maltempo a Venezia poliziotti della questura in aiuto in #piazzasanMarco a turisti rimasti bloccati a causa acqua alta #essercisempre pic.twitter.com/uJUz6GlPEq

— Polizia di Stato (@poliziadistato) October 29, 2018

Elsewhere in the country, residents and tourists are stranded in areas where downed trees and washed out, debris-littered roadways hobbled travel. In the mountains, heavy new snowfall has blocked some Alpine passes on the border of Switzerland.

So why is Venice flooded? One answer is climate change, which has turned the lagoon city’s proximity to the sea problematic in recent years. Some estimates suggest the Mediterranean Sea levels will rise five feet by the end of the century, which could cause the city to flood twice daily. Currently, Venice experiences fairly severe flooding about four times annually.

Another reason Venice is flooded has to do with corruption. For decades, city officials have been planning and working to erect a series of flood barriers meant to stave off some of the worst tides and storms that Venetians and visitors to the area are at least somewhat used to tolerating. Construction on underwater flood barriers, known as the Moses project, started in 1966 but didn’t get going in earnest until 2004. (MOSE is an acronym for an acronym for Modulo Sperimentale Elettromeccanico.)

Since that time, the project—one of the world’s most complex, large-scale civil engineering projects ever attempted—has been plagued by fraud. In 2014, Venice’s then-mayor Giorgio Orsoni, along with 30 others, was arrested for charges including corruption, illicit party financing, and tax fraud totaling $6.8 billion. Orsoni was accused of taking roughly $635,000 (€560,000) in illicit campaign financing from the consortium behind the flood barrier. Orsoni resigned and received a four-month suspended sentence. He was also required to pay a $17,000 (€15,000) fine, according to the Telegraph.

And while that may have been among the higher-profile corruption cases associated with Moses, it was by no means the first. Previous arrests targeted individuals charged with rigging contracts, according to Reuters.

If and when the project is finally completed and fully operational, flood gates will go up once the tide reaches 110 centimeters, or roughly 43 inches, according to CityLab. That won’t keep water out of low-lying areas often flooded already, such as St. Mark’s Square, but it should protect much of Venice from flooding for roughly the next three decades, depending on how quickly sea level rises between now and then.

The cost of trying to build a flood barrier has already reached staggering heights. The initial budget for Moses of $1.7 billion (€1.5 billion) had, by 2017, corruption costs included, ballooned to a total cost of $6.2 billion (€5.5 billion), according to Italian newspaper La Stampa.

Regardless of the troubled history to finish the flood barriers, it’s high time to finalize the project. The regional governor for Veneto, Luca Zaia, said flooding this week could reach the levels of the 1966 flood that engulfed both Venice and Florence. Back then, such storms seemed like more of an anomaly. But today, they are more common—and more devastating—than ever.

About the Author
By Brittany Shoot
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

AIJobs
Nobel laureate Joe Stiglitz says not only can AI take your job, it’ll make the ‘tech bro’ class richer while doing it
By Catherina GioinoMarch 6, 2026
32 minutes ago
palmer luckey
AIPentagon
Palmer Luckey says Silicon Valley has the Pentagon all wrong: ‘Stick to a position that this is in the hands of the people’
By Jake AngeloMarch 6, 2026
2 hours ago
Personal FinanceCertificates of Deposit (CDs)
Best certificates of deposit (CDs) for March 2026
By Glen Luke FlanaganMarch 6, 2026
3 hours ago
AIdisruption
OpenAI investor Vinod Khosla believes AI will be able to do 80% of all jobs by 2030. Here’s how life could be affordable after mass unemployment
By Nick LichtenbergMarch 6, 2026
3 hours ago
Startups & VentureVenture Capital
February was the biggest month in venture history, thanks to OpenAI, Anthropic, and Waymo in particular
By Lily Mae LazarusMarch 6, 2026
3 hours ago
Future of WorkElectric vehicles
Nearly 1,000 workers laid off at SK Battery plant in Georgia as companies cancel EVs and Trump Admin eliminates auto company incentives
By The Associated Press, Jeff Amy and Alexa St. JohnMarch 6, 2026
3 hours ago

Most Popular

placeholder alt text
Economy
The Treasury may need to borrow an extra $1.6 trillion to cover the hole left by tariff ruling and pay a further $400 billion in debt interest
By Eleanor PringleMarch 6, 2026
11 hours ago
placeholder alt text
Success
Chinese billionaire who has fathered more than 100 children hopes to have dozens of U.S.-born boys to one day take over his business
By Emma BurleighMarch 5, 2026
1 day ago
placeholder alt text
Politics
Meet Markwayne Mullin, the new multimillionaire head of DHS, who owns a cattle ranch in Oklahoma
By Jacqueline MunisMarch 5, 2026
24 hours ago
placeholder alt text
AI
OpenAI investor Vinod Khosla predicts today’s 5-year-olds won’t ever need to get jobs thanks to AI
By Sasha RogelbergMarch 4, 2026
3 days ago
placeholder alt text
Politics
Iran is turning out to be a more effective enemy than many thought, and U.S. allies are losing their patience with the war
By Jim EdwardsMarch 6, 2026
11 hours ago
placeholder alt text
Middle East
The Iran conflict will be the ’straw that breaks the camel’s back’ for the U.S. economy if it goes on much longer, Nobel laureate Paul Krugman warns
By Tristan BoveMarch 6, 2026
15 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.