Changes in the world’s temperatures overseas will in some cases affect the UK economy more than climate change on the country’s doorstep, according to new research commissioned by the Department of Environment, Food and Rural Affairs (Defra).
The study, by consultancy firm PricewaterhouseCoopers, is part of the government’s National Adaptation Programme and assesses the effects of climate change abroad on UK’s economy.
It found out that in a scenario of 2C warming, the country would be penalised because of volatility of food prices and the need for more frequent humanitarian actions required for extreme weather events.
These would also affect physical and financial assets and could require the UK to supply more help and services to citizens abroad or in overseas territories.
There would also be opportunities to export UK adaptation goods and services, increase international co-operation and exploit ocean accessibility due to the Arctic melting, but these benefits would not outweigh the costs.
According to PwC, “Whilst progress has been made in many countries, including the UK, to understand the impact of climate change within national borders, little progress has been made to understand the international dimensions.
“And yet in an increasingly inter-connected world, it is more important than ever that governments, businesses and other organisations understand and are able to adapt to changes in other countries.”
The study recommend to increase the co-operation between the public and the private sector to face the international effects of climate change, to carefully consider the risks and benefits of them and to plan effective strategies to assess changes that will occur.
Like our Facebook Page
How to Find an Eco-Friendly Termite Control Service Provider in Malaysia
Eco-Friendly Vegans Win Most Battles Not the War
3 Iconic Chicago Billboards Eco-Friendly Advertisers Can Learn from
EnviroSolar’s Abe Issa Discusses Success in Green Entrepreneurship
How Sports Could Be Impacted by Climate Change
What Eco-Friendly Patients Should Know about Online Therapy
6 Reasons Why Meal Delivery Services are Eco-Friendly
The Path for Retail’s Sustainable Future
4 Eco-Friendly Ways to Treat a Sinus Infection
4 Strategies for Eco-Friendly Real Estate Investors to Find Properties
How Managed Print Services Helps to Reduce Paper Waste
Why Scientists Are Concerned About ‘Forever Chemicals’ In Drinking Water
Meat Farming Is Only Getting Smarter, Easier & Eco-Friendlier
What is Eco-Friendly Homesteading and How Does it Affect Your Insurance?
Importance of Using a Water Purifier in an Area with High Pollution
Alternative Financing Ideas for Green Businesses that Shun Banks
Tencel Material Demand Shows Britain Is More Eco-Friendlier Than Ireland
How To Invest in Clean Energy Stocks in Only Five Easy Steps!
How To Secure Funding As An Eco-Entrepreneur?
4 Amazing Eco-Friendly Businesses Worth Starting in 2021
- Features8 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy9 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features8 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Invest10 months ago
The Eco-Friendly Evolution of Bitcoin Over the Years