ISEP responds to Climate Change Committee Adaptation report

1 February 2023

Investment from public and private sectors will be needed to build climate resilience, according to a new report  'Investment for a well-adapted UK' by the  Climate Change Committee.

Currently there are barriers to investment in adaptation, particularly from the private sector which is limiting the UK's ability to prepare for climate change. The Government has a critical role in supporting adaptation investment to help the UK build resilience to climate.

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The CCC identified several areas for targeted action by Government to support investment in adaptation across the economy:

  1. Clarifying adaptation goals and roles for investment.
  2. Creating markets that value adaptation outcomes.
  3. Public sector leadership.
  4. Strengthen corporate disclosure regimes.
  5. Empowering financial regulators and public finance institutions to address physical climate risks.
  6. Helping to unlock investment through public financial institutions.

Commenting on the Climate Change Committee's report ISEP's CEO Sarah Mukherjee MBE said: “Climate change is already having a visible impact here in the UK we’re seeing increased incidences of flooding and drought and heatwaves causing excess and intolerable heat in buildings.

Climate risks are increasing faster than our current adaptation action; communities and businesses are becoming more vulnerable. While the adaptation measures that we need to implement are largely known it is critical that we remove the multiple barriers to their funding and implementation.

I welcome the calls for clearer and more stable policy – as with the transition to net zero this is critical for decision-makers to plan and invest for the long-term climate resilience.”