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<p>The Government currently has no plans to undertake a comprehensive study into the
potential cost of climate change to the UK economy. The <em>Stern Review: the Economics
of Climate Change</em>, an independent review commissioned by the then UK government
and published in 2006, established the relationship between increasing global greenhouse
gases emissions and higher costs due to the impacts of climate change. There are large
uncertainties associated with this type of assessment, but the overall conclusion
is that the benefits of strong, early action to avoid climate change considerably
outweigh the costs.</p><p> </p><p>The Government’s focus is therefore on the implementation
of cost-effective actions to reduce the UK’s greenhouse gas emissions and to ensure
that the UK and its economy are resilient to unavoidable changes in the climate.</p><p>
</p><p>As required under the UK Climate Change Act 2008, we will publish our second
Climate Change Risk Assessment next year.</p><p> </p>
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