Climate Change: Costs
Commons · Question 45317 · 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 her Department has made of the cost to (a) the public purse (b) businesses and (c) individual people from climate change.
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...