Climate crisis could wipe 1% a year off UK economy by 2045, say ministers

Global heating of 2C would cause billions in damage each year by 2050, according to risk assessment

The climate crisis will wipe at least 1% a year off the UK's economy by 2045 if global temperatures are allowed to rise by 2C, the government has said.

More action would be needed on key areas such as flood defences, restoring natural protections such as peatlands and wetlands, and making the built environment more resilient to extreme weather, ministers said.