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Economic opportunities from investing in climate resilience in the UK

Author

Listed:
  • Rising, James
  • Watkiss, Paul
  • Ranger, Nicola
  • Oropeza Abregu, Yoselin

Abstract

The UK is already experiencing significant economic impacts from climate change, and these will increase further in future decades. Without comprehensive and well-funded adaptation strategies, risks will grow, including from agriculture losses, flooding, impacts of heat on health and reduced labour productivity. This policy brief describes economic risks and adaptation opportunities for the UK in relation to agriculture, flood and coastal management, health and labour productivity. The brief summarises findings from Part A of the PROSPER (Physical-risk & Resilience Outcomes for Spending, Planning & Economic Returns) research project. This part of the project is designed to inform fiscal decision-makers on potential targets for adaptation funding. The damages are reported as the expected annual damages for two climate scenarios, ‘Medium Warming’ and ‘High Warming’. For the 2030s and 2050s, the authors also describe damages associated with extreme value or ‘tail’ events.

Suggested Citation

  • Rising, James & Watkiss, Paul & Ranger, Nicola & Oropeza Abregu, Yoselin, 2026. "Economic opportunities from investing in climate resilience in the UK," LSE Research Online Documents on Economics 140343, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:140343
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    File URL: https://researchonline.lse.ac.uk/id/eprint/140343/
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    References listed on IDEAS

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    1. Andrew Hultgren & Tamma Carleton & Michael Delgado & Diana R. Gergel & Michael Greenstone & Trevor Houser & Solomon Hsiang & Amir Jina & Robert E. Kopp & Steven B. Malevich & Kelly E. McCusker & Terin, 2025. "Impacts of climate change on global agriculture accounting for adaptation," Nature, Nature, vol. 642(8068), pages 644-652, June.
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    • N0 - Economic History - - General

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