There are definitely several climate changes that rapidly affect the British economy. One significantly major problem regarding climate change in the United Kingdom is the impact of flooding and storms (Bruce, 2014; Choi, 2014; Bawden, 2014). Generally increased rainfall causes flooding and storms, this has results in affecting the economy and Britain is second most economically vulnerable country in Europe to extreme weather (Bawden, 2014). Over the past two decades there have been instances of unpredictable extreme weather conditions like floods in 2007, two consecutive cold winters of 2009/10 and 2010/11 and extreme dry conditions of s...
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...he opportunities and significantly impact upon the economy, thus experiencing the growing crisis in all its dimensions. It is clear that human activity has a significant role in climate change (Stern, 2006). Climate change and global warming is a global issue and since human activity plays an important part in this phenomenon it is important to understand that this human activity and collective action is the key to avoid a worsening situation, not only in the UK but the rest of the world as well. The fact that projections regarding climate changes remain uncertain is an alarming concern. Nonetheless, adaptation is required in order to minimise the damages and financial losses that climate change is causing, before these become irreversible. Furthermore, all sectors are required to respond accordingly to climate change in order to benefit from arising opportunities.
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