Economic Situation

(asked on 3rd April 2025) - View Source

Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government, following the publication in Environmental Research Letters on 31 March of Reconsidering the macroeconomic damage of severe warming, what assessment they have made of the finding that global warming will have a significant negative impact on the size of the global economy.


Answered by
Lord Hunt of Kings Heath Portrait
Lord Hunt of Kings Heath
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 11th April 2025

The latest Synthesis Report from the Intergovernmental Panel on Climate Change (IPCC) stated that it is unequivocal that human activities, principally through emissions of greenhouse gases, have warmed the atmosphere, ocean and land, and that widespread and rapid changes to the climate have occurred. The IPCC also found that projected net economic damages generally increase non-linearly with global warming levels and that economic impacts could be higher than previous estimates.

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