Global flood hazard models have recently become a reality thanks to the release of open access global digital elevation models, the development of simplified and highly efficient flow algorithms, and the steady increase in computational power. In this commentary we argue that although the availability of open access global terrain data has been critical in enabling the development of such models, the relatively poor resolution and precision of these data now limit significantly our ability to estimate flood inundation and risk for the majority of the planet's surface. The difficulty of deriving an accurate "bare-earth" terrain model due to the interaction of vegetation and urban structures with the satellite-based remote sensors means that global terrain data are often poorest in the areas where people, property (and thus vulnerability) are most concentrated. Furthermore, the current generation of open access global terrain models are over a decade old and many large floodplains, particularly those in developing countries, have undergone significant change in this time. There is therefore a pressing need for a new generation of high resolution and high vertical precision open access global digital elevation models to allow significantly improved global flood hazard models to be developed.Keywords: global flood modeling, DEM, Hydraulic modeling, remote sensing of environment, hazard modeling Around the turn of the millennium, high quality two dimensional hydraulic models capable of simulating the dynamics of flood inundation became a reality at the reach scale as a result of faster computers, improved algorithms (Bates and De Roo, 2000;Bradford and Sanders, 2002;Bradbrook et al., 2004), and new forms of rapidly-collected remotely sensed digital elevation models (DEMs; Marks and Bates, 2000;Cobby et al., 2001;Bates et al., 2003;Bates, 2004;Sanders, 2007). Of particular value to hydraulic modelers in developed countries was the commencement of routine LIDAR collection due to its high horizontal and vertical precision and accuracy, its ability to penetrate vegetation cover and its reduced susceptibility to scatter and shadowing relative to other forms of remotely sensed elevation data such as Interferometric Synthetic Aperture Radar (InSAR;Bates, 2004). These three key properties made it ideally suited to the creation of "bare-earth" Digital Terrain Models (DTMs), a type of DEM in which surface features such as vegetation and built structures are removed to leave, as the name suggests, a three dimensional representation of the bare-earth surface. Such data are ideally suited for the purposes of flood hazard simulation using hydraulic models, and form the basic datasets from which developed world flood hazard layers, such as the Federal Emergency Management Agency (FEMA) flood maps in the USA, and the Environment Agency Flood Maps in the UK, are produced.