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This analysis shows that urban flood resilience as a concept has evolved over the last two decades. From an engineering concept with a strong focus on ensuring that the built environment can withstand a flood to a more recent definition as a transformative process with the aim to enable all parts of the urban system to live with floods and learn from previous shocks. Read more

This report and brief provide improved estimates of the likely economic damages from climate change to the UK, highlighting where the greatest risks and need for adaptation are. These are translated into loss of socioeconomic welfare and reported as an equivalent loss of the UK’s GDP under two different policy scenarios – one in which current policies continue and another in which strong mitigation policies are put in place. Read more

Climate change impacts could cause damage to the UK equivalent to cutting the size of the economy by at least 7.4 per cent by the end of this century, unless there are stronger reductions in global greenhouse gas emissions, according to a report published today (30 May 2022) by the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science. Read more

Adapting to climate change impacts and risks and improving how we manage them is crucial. Part of this lies in financing. In this post for the Sustainable Finance Leadership series, Emma Howard Boyd of the Environment Agency describes challenges and progress in financing climate resilience in the UK and the wider world. Read more

The authors of this paper argue that, despite their dominance in the economics literature and influence in public discussion and policymaking, the methodology employed by Integrated Assessment Models (IAMs) rests on flawed foundations, which become particularly relevant in relation to the realities of the immense risks and challenges of climate change, and the radical changes in our economies that a sound and effective response require. Read more

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