Independent report warns London unprepared for climate events, with potential 2-3% annual GDP reduction by 2050 and 43% property subsidence impact by 2030.

A recent independent report reveals that London is unprepared for extreme climate events such as heatwaves, floods, droughts, wildfires, storms, and sea level rises. Governments and businesses must improve planning to protect healthcare, transport, energy provision, and water supply from worsening climate impacts. The report predicts a 43% subsidence impact on London properties by 2030 and a potential 2-3% annual GDP reduction by 2050 due to climate change. The UK government's National Climate Adaption Plan will face a judicial review this year.

August 03, 2024
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