2023 was the hottest year on record globally – and probably the hottest year for 125,000 years₁.

The effects of climate change – heatwaves, floods, extreme weather – are becoming more frequent and more severe, not just elsewhere in the world but throughout the UK too₂.

Analysis for the Climate Change Committee indicates that at least eight climate change risks may each have a cost to the UK of more than £1 billion a year by 2050₃. This includes risks to businesses from flooding and risks to health and wellbeing from high temperatures.

In this latest instalment of our Capitalise on the Future series, Jason Beedell explores the impact of climate change on various sectors of the property market—residential, commercial, and agricultural. Jason also examines how farming, food production, and land use are being affected, along with the challenges the industry faces in mitigating these impacts.

Discover more from our Capitalise on the Future series.

^{1- Source: Copernicus Climate Change Service, 24th October 2023.} 

^{2 - For example, for Scotland, see Rivington et al (2023) Summary of the Climate Trends, Future Projections and Extremes in Scotland.}

^{3 - National Audit Office. Government resilience: extreme weather. 6 December 2023.}