"UK Economy to Bear Brunt of Rising Temperatures: Verdant Thinktank Warns of £25bn Annual Cost by 2030 As the UK continues to grapple with the devastating effects of repeated heatwaves, a green thinktank has sounded the alarm on the economic consequences of climate change. Verdant's latest analysis reveals that the UK economy has already taken a £4.4 billion hit in lost economic output by the end of July, surpassing its initial estimate of £2.36 billion for June alone. The thinktank warns that if left unchecked, the annual cost of climate-related heat stress could soar to £25 billion by 2030. With cities struggling to cope with the urban heat island effect, Verdant is calling for drastic measures to cool down our cities, including a maximum temperature for working and urban redesigns to mitigate the impact of rising temperatures."
Verdant thinktank says cost could top £25bn a year by 2030 and calls for maximum temperature for working and urban redesign to cool down citiesRepeated debilitating heatwaves this summer are likely to have cost the UK economy more than £4bn in lost economic output by the end of July, new analysis shows.Green thinktank Verdant had suggested June’s unseasonally hot weather had an economic cost of £2.36bn. Updating its assessment to include last month’s high temperatures, it finds a £4.4bn hit to output. Continue reading...
