Climate Change: Costs
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what recent estimate he has made of the potential impact of climate-related events on household costs in the next five years.
Answered by Emma Hardy
The third Climate Change Risk Assessment (CCRA) was published in 2022 and sets out 61 climate risks and opportunities to the UK up to the year 2100. These risks cover a range of sectors that impact household costs, such as risks to our energy infrastructure, risks from flooding, and risks to agriculture and supply chains.
The Government’s fourth CCRA is due in 2027. It will be informed by the Climate Change Committee’s Independent Assessment (CCRA4-IA) Technical Report, which will consider climate risks to household finances. The Government will set out the actions it will take to address the most recent assessment of climate risks from CCRA4 in the fourth National Adaptation Programme in 2028.
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