{"id":87430,"date":"2026-09-18T00:01:00","date_gmt":"2026-09-17T23:01:00","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&#038;p=87430"},"modified":"2026-09-17T14:17:35","modified_gmt":"2026-09-17T13:17:35","slug":"economic-opportunities-from-investing-in-climate-resilience-in-the-uk","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/economic-opportunities-from-investing-in-climate-resilience-in-the-uk\/","title":{"rendered":"Economic opportunities from investing in climate resilience in the UK"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p class=\"is-style-large wp-block-paragraph\"><strong>Findings from Part A of PROSPER 2026<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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 &amp; Resilience Outcomes for Spending, Planning &amp; Economic Returns) research project. This part of the project is designed to inform fiscal decision-makers on potential targets for adaptation funding.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The damages are reported as the expected annual damages for two climate scenarios, &lsquo;Medium Warming&rsquo; and &lsquo;High Warming&rsquo;. For the 2030s and 2050s, the authors also describe damages associated with extreme value or &lsquo;tail&rsquo; events.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Main findings<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Projected annual economic damage under a High Warming climate scenario (relative to a baseline of pre-industrial climate conditions) could increase to 4% of the UK&rsquo;s gross domestic product (GDP) by 2050 and 6% by 2075, expressed in GDP-equivalent welfare terms.<\/li>\n\n\n\n<li>This projection includes the potential for climate-change-driven global economic disruption, which represents the largest proportion of projected economic damage; however, domestic risks to the UK economy linked to climate change are also prominent.<\/li>\n\n\n\n<li>By the 2050s, extreme events linked to climate change could result in large-scale disruptions across the UK economy. Estimates suggest there is a 1-in-200-year risk of one or more of the following in a single year: agricultural losses exceeding &pound;10 billion, flood damages exceeding &pound;60 billion, labour productivity losses exceeding &pound;70 billion and heat-related excess mortality exceeding 21,000 deaths.<\/li>\n\n\n\n<li>Projected domestic risks could be reduced by nearly 30% with strategic investments in climate-adaptation measures such as flood defences and more climate-resilient infrastructure at the levels outlined in the UK&rsquo;s third National Adaptation Programme (NAP3) and related government strategies.<\/li>\n\n\n\n<li>While adaptation measures bring major benefits, strengthened global efforts to mitigate climate change remain critical. Projections suggest that avoiding a High Warming climate scenario will halve domestic economic risks in the UK, highlighting the importance of pursuing strong international action on climate change.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>DOI:<\/strong> 10.21953\/researchonline.lse.ac.uk.00140343<\/p>\n\n","protected":false},"excerpt":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>This policy brief describes economic risks and adaptation opportunities for the UK in relation to agriculture, flood and coastal management, health and labour productivity.<\/p>\n\n","protected":false},"author":79,"featured_media":87435,"template":"","tags":[174,1835,437],"publication-type":[1682],"topic_area":[4692,4693,4691,4783],"class_list":["post-87430","publication","type-publication","status-publish","has-post-thumbnail","hentry","tag-adaptation","tag-economic-risks","tag-uk","publication-type-policy-publications","topic_area-adaptation-and-resilience","topic_area-climate-and-health","topic_area-loss-and-damage","topic_area-uk-adaptation-policy"],"acf":{"show_translations_widget":{"ref_value":"field_6203d588c41e8","value":"0","type":false,"post_type":""},"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"downloads":{"ref_value":"field_52f16cc1a80f2","value":["https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2026\/09\/Investing-in-climate-resilience_FINAL_v2.pdf"],"type":"download","post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["james-rising","paul-watkiss-2","nicola-ranger","yoselin-oropeza-abregu"],"type":"relationship","post_type":"profile"},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - 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