Climate Change

MQT on 2014-07-23
Session date: 
July 23, 2014
Question By: 
Murad Qureshi
Labour Group
Asked Of: 
The Mayor


Can the Mayor provide an update on work being undertaken to assess the economic impact to London as a result of climate change?


Answer for Climate Change

Answer for Climate Change

Answered By: 
The Mayor

Building on the knowledge gained from developing my climate change adaptation strategy, my officers are undertaking work on four fronts to understand the economic impact to London as a result of climate change:


1.              Improving our understanding of the impacts of climate change - more detailed assessments of who and what is likely to be impacted and how will they be affected.


2.              Identifying climate resilience measures and using our improved understanding on the costs of the impacts gained through 1. to refine the cost-benefit analysis and therefore the business case for the measures.


3.              Undertaking research to understand the value of the 'adaptation economy' and therefore the opportunities it presents to growth and job creation.


4.              Working with the London Climate Change Partnership to raise awareness and build capacity of organisations to identify and respond to climate risks and opportunities.