The UK economy faces significantly greater risks from a global temperature rise of 3 degrees Celsius than earlier assessments suggested, according to a new report by the Office for Budget Responsibility (OBR). The updated analysis, cited by Reuters, highlights that the economic damage from intensified climate impacts could be substantially worse, raising concerns over growth, public finances, and long-term fiscal sustainability. This revelation underscores the urgency for stronger climate policies and adaptive measures to mitigate the escalating costs of global warming.
Global 3C Temperature Rise Threatens UK Economic Stability More Severely Than Forecast
Recent forecasts by the Office for Budget Responsibility (OBR) reveal that a global temperature increase of 3°C could drastically undermine the UK’s economic outlook, imposing far heavier financial burdens than earlier estimates suggested. The updated projections highlight that sectors such as agriculture,…
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Author : Sophia Davis
Publish date : 2025-07-08 22:47:00
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