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Climate Change

Volume 495: debated on Monday 29 June 2009

To ask the Secretary of State for Energy and Climate Change what estimate he has made of his Department's potential gross (a) costs and (b) savings arising from its climate change adaptation measures in the next three years. (277725)

It is not currently possible to provide estimates of the potential costs and savings over the next three years. It has, however, been shown in the Stern Review on the Economics of Climate Change that timely and well-targeted climate adaptation measures will yield benefits in excess of their costs. The main rationale for investment to address climate risk will be to reduce the UK's vulnerability to longer-term climate change impacts.

The Government are undertaking a Climate Change Risk Assessment and Economic Analysis, which will provide estimates of the costs and benefits of adaptation to the UK. This analysis will be presented to Parliament within three years of the Climate Change Act coming into force.

As the hon. Lady is aware, the Government will also be publishing supplementary appraisal guidance this summer. This will help to ensure that adaptation measures are designed and implemented in a cost-effective manner.