Climate change threatens overseas supply chains
The impact of climate change around the world poses a much greater threat to the UK economy than its effects nationally, says business services company PwC in a report for the environment department
The study considered the threats and opportunities under an emissions scenario consistent with a 2OC rise in global temperatures and found that threats significantly outweigh opportunities.
Short-term risks include damage to the overseas assets of UK companies and rising price volatility for food, energy and other traded resources – and these risks are likely to be amplified by protectionist reactions to extreme weather events. Longer term, a changing climate will undermine ...