Member

As we know from recent events, rising temperatures place pressures on every aspect of our national life. We have seen this again over the past few days, with incidents of wildfires from Surrey to Scotland, disruption due to trains overheating, and hosepipe bans announced in Yorkshire, Kent and Sussex. The climate crisis is also a massive threat to our economy; the Office for Budget Responsibility’s Fiscal Risks and Sustainability report, published last week, says that the damage caused by climate impacts in a near-3 degrees centigrade world is forecast to cut our GDP by 8% by the early 2070s. Based on current GDP, that will be roughly £200 billion.