Climate change to cost London up to £36 billion a year by 2050s
Lost working hours, disruption to businesses and damage to infrastructure caused by extreme weather in a warmer climate are likely to reduce the capital’s GDP over the coming decades.
Lost working hours, disruption to businesses and damage to infrastructure caused by extreme weather in a warmer climate are likely to reduce the capital’s GDP over the coming decades.
BELLINGS Intelligence Score: 25
Why it matters
The projected £36 billion annual cost to London from climate change by the 2050s signals notable long-term economic risks and infrastructure challenges that could influence credit risk assessments and capital allocation decisions in the region.
Sources
Fortune
Climate change to cost London up to £36 billion a year by 2050s
Lost working hours, disruption to businesses and damage to infrastructure caused by extreme weather in a warmer climate are likely to reduce the capital’s GDP over the coming decades.