Economic Growth: Climate Change
Commons · Question 45316 · Tabled 8 Apr 2025 · Treasury · Official record
Answered 28 Apr 2025
Question
Asked by Steve Witherden
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of climate change on economic growth.
Answer
Answered by Emma Reynolds, 28 Apr 2025
Illustrative 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...