The economic impact to the United Kingdom caused by climate change is expected to be around 7.4 percent of the GDP by 2100 following the current policies (SSP3-7.0). In case of a more strict mitigation (SSP1-2.6), the economic impact could be reduced by around five percentage points.
Expected economic losses due to climate change as a share of GDP in the United Kingdom from 2011 to 2100, by scenario
Characteristic
Current policies (SSP3-7.0)
High mitigation (SSP1-2.6)
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The source uses the Shared Socioeconomic Pathways (SSPs) developed for the IPCC climate assessments. These scenarios describe future economic activity and the fossil fuel emissions that result from it. Two SSPs were compared:
1. Current policies (SSP3-7.0) - characterized by a lack of increased climate policy ambition and global coordination.
2. High mitigation (SSP1-2.6) - characterized by sustainable action through strong investments in green technologies.
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Grantham Research Institute. (May 30, 2022). Expected economic losses due to climate change as a share of GDP in the United Kingdom from 2011 to 2100, by scenario [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1420464/economic-impact-to-gdp-climate-change-uk-by-scenario/
Grantham Research Institute. "Expected economic losses due to climate change as a share of GDP in the United Kingdom from 2011 to 2100, by scenario." Chart. May 30, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1420464/economic-impact-to-gdp-climate-change-uk-by-scenario/
Grantham Research Institute. (2022). Expected economic losses due to climate change as a share of GDP in the United Kingdom from 2011 to 2100, by scenario. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1420464/economic-impact-to-gdp-climate-change-uk-by-scenario/
Grantham Research Institute. "Expected Economic Losses Due to Climate Change as a Share of Gdp in The United Kingdom from 2011 to 2100, by Scenario." Statista, Statista Inc., 30 May 2022, https://www.statista.com/statistics/1420464/economic-impact-to-gdp-climate-change-uk-by-scenario/
Grantham Research Institute, Expected economic losses due to climate change as a share of GDP in the United Kingdom from 2011 to 2100, by scenario Statista, https://www.statista.com/statistics/1420464/economic-impact-to-gdp-climate-change-uk-by-scenario/ (last visited July 22, 2024)
Expected economic losses due to climate change as a share of GDP in the United Kingdom from 2011 to 2100, by scenario [Graph], Grantham Research Institute, May 30, 2022. [Online]. Available: https://www.statista.com/statistics/1420464/economic-impact-to-gdp-climate-change-uk-by-scenario/
