A study released today by the Department for Environment, Food and Rural Affairs has called for action in the fight against climate change. DEFRA’s Climate Change Risk Assessment (CCRA) lists the top 100 challenges to the UK and our economy as a result of changing climate and recommends instant action.
Speaking at the launch of the CCRA, Environment Secretary Caroline Spelman said: “The Climate Change Risk Assessment will be vital in helping us to understand what we need to do to stop these threats becoming a reality. In doing so there is also great potential for growth through UK firms developing innovative products and services tailored to meet the global climate challenges.”
One of the key risks the CCRA highlights is a greater need for energy as the temperatures rise above 26° C is projected to rise. The research suggests there could be a greater demand for energy to cool buildings.
However, it’s not all doom and gloom for businesses. Dr Matthew Brown, Head of Energy and Climate Change policy at the CBI said: “DEFRA is right to highlight that, as well as the risks, there are opportunities to be had from adapting to climate change. For instance, the UK has much expertise it can sell in other countries, including advice on water efficiency, insurance and other financial products.”