As part of the government’s National Adaptation Programme, Pricewaterhouse Coopers has assessed what climate change at home and ‘overseas’ might mean for UK business (trade and investment), infrastructure (particularly energy), food, health/wellbeing, and foreign policy.
Based upon a medium emissions scenario (2°C warming globally) it looks at the threats and opportunities, and found that climate change overseas could have impacts on the UK, greater than that from climate change at home.
The main threats identified were:
- damages to physical and financial assets from extreme weather
- increased frequency and urgency of humanitarian assistance
- increased volatility in food prices; political or policy reactions affecting availability of food supplies, and
- increased demand for UK Government services by overseas territories and citizens abroad.
The main potential opportunities were:
- increased potential to export UK adaptation goods and services
- reduced shipping costs from Arctic opening
- greater international diplomatic cooperation.
The report it is a follow up on international issues to the UK Climate Change Risk Assessment report published in 2012