All 1 Debates between Nadia Whittome and Wera Hobhouse

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Debate between Nadia Whittome and Wera Hobhouse
Tuesday 5th September 2023

(9 months ago)

Commons Chamber
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Nadia Whittome Portrait Nadia Whittome (Nottingham East) (Lab)
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2. What assessment he has made with Cabinet colleagues of the potential impact of climate change on the economy.

Wera Hobhouse Portrait Wera Hobhouse (Bath) (LD)
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16. What assessment he has made of the potential impact of climate change on the economy.

Gareth Davies Portrait The Exchequer Secretary to the Treasury (Gareth Davies)
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The Treasury’s 2021 net zero review noted that unmitigated climate change damage has been estimated to be the equivalent of losing between 5% and 20% of global GDP each year. The costs of global inaction significantly outweigh the costs of action, and McKinsey estimates that there is a global market opportunity for British businesses worth £1 trillion.

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