Productivity: Temperature
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of heatwaves on economic growth and business productivity.
Answered by Blair McDougall
The UK Climate Change Committee estimates climate change damages in the UK could grow to 1–5% of GDP by 2050 under a 2 degree global warming level. Climate adaptation can protect businesses and productivity, and support economic growth in new markets.
The ONS Business Insights and Conditions Survey monitors the impacts of severe weather events on business, including increased temperatures or heat. The Department for Business and Trade is considering the impacts of extreme heat on economic growth and business productivity to support government to develop an ambitious fourth National Adaptation Programme in 2028.
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