Written Question·Treasury·UIN 45316
Economic Growth: Climate Change
Tabled: 8 April 2025
Answered: 28 April 2025
Question
Steve Witherden
Labour — Montgomeryshire and Glyndŵr
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of climate change on economic growth.
Answer
Emma ReynoldsIllustrative analysis in the Office for Budget Responsibility's 2024 Fiscal Risks and Sustainability Report suggests that UK GDP could be around 3% lower by 2074 under a below 2°C warming scenario and around 5% lower under a below 3°C warming scenario. Th...
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