Reports have detailed the possible effects of dangerous climate change on North West businesses.
Winter rainfall levels could increase by 31 percent and summer temperatures could increase by 3.7 degrees by 2080. Future flooding could increase annual economic damages from £43 million today to £138 million. The region could also experience 13 percent less rainfall in summer leading to lower crop yields and water stress.
‘Climate Change Impacts and Responses for Key Business Sectors and Public Services in the Northwest of England’ and ‘Economic Impacts of Increased Flood Risk Associated with Climate Change in the Northwest’ have been published by the Northwest Climate Change Partnership to investigate the economic and social challenges the region is set to face. The reports will also contribute to the region’s Climate Change Action Plan which will set out the region’s climate change strategy.
The recent flooding in Cumbria and parts of Lancashire have highlighted the fact that the North West is not immune to the effects of extreme weather brought on by climate change and further demonstrates the need for, and benefits of, climate change adaptation.
According to the reports, the sectors which could be hardest hit by future flooding events are leisure and tourism, manufacturing, services, biomedical and environmental technologies. The sectors which would suffer the greatest financial losses are advanced engineering and wholesale and retail.
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Posted under Climate Change and What it Means to You on 14 December 2009