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UK Labour will plan for the economic impacts of climate change

Times 15th Nov 2017, John McDonnell – Labour’s shadow chancellor: As the government continues to
flounder, it is essential that Labour begins to put in place the policies needed not just to rebuild our economy but to secure sound public finances for future generations.

The biggest single future challenge for our economy is in the steadily accumulating threat of climate change and environmental degradation. Already, this is costing us dearly: the Environmental Agency now puts the annual bill from floods at £2.2 billion a year, and, with credible forecasts showing worsening weather conditions, this has been
projected to rise as high as £12 billion.

But it is not just climate change, with all the evidence pointing to a clear link between human
activity and changes in the earth’s climate. The UN Food and Agriculture Organisation now forecast that we have only 60 years of farming left globally due to soil erosion. In the UK, 85 per cent of top soil has been eroded since 1850. The Committee on Climate Change has warned that once-fertile land in the east of England could be lost “within a
generation”.
https://www.thetimes.co.uk/edition/news/labour-will-plan-for-fiscal-impact-of-climate-change-ksjgzwc3w

November 16, 2017 - Posted by Christina Macpherson | climate change, politics, UK