• 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
  • 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

CryptoCryptocurrency
Foreign exchange startup XFX raises $17 million to help businesses go between cash and stablecoins
By Ben WeissMarch 26, 2026
41 minutes ago
John Zhao smiles and crosses his legs
Startups & VentureHealth
Exclusive: Blossom Health raises $20 million to bring an AI ‘copilot’ to psychiatry
By Lily Mae LazarusMarch 26, 2026
41 minutes ago
NewslettersTerm Sheet
The one-person unicorn: Myth, miracle, or the future of startups?
By Allie GarfinkleMarch 26, 2026
60 minutes ago
Business professional typing on keyboard with holographic AI interface, command prompt and chat widgets, showcasing generative assistant, automation, data processing and digital workflow. AI interface
NewslettersCFO Daily
CFOs believe AI is paying off. Researchers aren’t so sure—yet
By Sheryl EstradaMarch 26, 2026
1 hour ago
kennnedy
CommentaryDrugs
America is handing its mRNA lead to China—and RFK Jr. is to blame
By Jeff CollerMarch 26, 2026
1 hour ago
posner
PoliticsElections
Trump said low-income housing would destroy the suburbs, but ‘soccer moms’ are still abandoning him in droves
By Steve Peoples and The Associated PressMarch 26, 2026
1 hour ago

Most Popular

Magazine
The youngest-ever female CEO of a Fortune 500 company is fighting Trump's cuts to keep Medicaid strong
By Fortune EditorsMarch 24, 2026
2 days ago
Success
Palantir’s billionaire CEO says only two kinds of people will succeed in the AI era: trade workers — ‘or you’re neurodivergent’
By Fortune EditorsMarch 24, 2026
2 days ago
Commentary
The Treasury just declared the U.S. insolvent. The media missed it
By Fortune EditorsMarch 23, 2026
3 days ago
Success
JPMorgan’s Jamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth
By Fortune EditorsMarch 25, 2026
22 hours ago
C-Suite
'I didn’t want anybody shooting me': Five Guys CEO gave away $1.5 million bonus to employees over botched BOGO burger birthday celebration
By Fortune EditorsMarch 25, 2026
17 hours ago
Success
The job market is so bad that ‘reverse recruiters’ are charging $1,500 a month just to help people look for jobs
By Fortune EditorsMarch 25, 2026
1 day 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.