Climate crisis could wipe 1% a year off UK economy by 2045, say ministers

Summary by Ground News

The cost of climate change to the UK is set to rise to at least one percent of the GDP by 2045. Risk assessment looks at 61 potential risks and opportunities across business, infrastructure, health, nature and international issues at 2C and 4C of warming this century. Report also identifies eight areas that require the most urgent action.

4 months ago·London, United Kingdom

News Articles

The Guardian

Climate crisis could wipe 1% a year off UK economy by 2045, say ministers

Global heating of 2C would cause billions in damage each year by 2050, according to risk assessment

4 months ago·London, United Kingdom

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The Independent

UK faces annual climate damage bill of billions – Government analysis

Impact from the likes of flooding and heatwaves could cause economic damage of more than £1 billion a year each by 2050, a report suggests.

4 months ago·London, United Kingdom

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The Times

Climate change to cost UK economy up to £20bn a year by 2050

Climate change will cost the UK economy up to £20 billion a year by 2050 on the present trajectory of global warming, a government report has found.Issues including increased flooding, heat-related health conditions, food supply problems, and damage to transport, water and energy infrastructure coul

4 months ago·London, United Kingdom

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Evening Standard

UK faces annual climate damage bill of billions – Government analysis

Impact from the likes of flooding and heatwaves could cause economic damage of more than £1 billion a year each by 2050, a report suggests.

4 months ago·London, United Kingdom

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GOV.UK

Government publishes UK’s Third Climate Change Risk Assessment

New report recognises the unprecedented challenge of ensuring the UK is resilient to climate change and sets out the work already underway to meet that challenge

4 months ago·United Kingdom

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