Explained in plain English
Who pays for climate change?
The economic costs of climate change, like the £4.4 billion lost output from heatwaves, are ultimately borne by everyone. Governments may need to spend more on adapting infrastructure and healthcare, potentially leading to higher taxes or reduced public services. Businesses face increased operational costs, which can impact prices and wages.
Stories that explain this
UK heatwaves may have cost economy £4.4bn in lost output this yearThis explainer came from a news story
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