UK.gov lacks understanding of climate impact, says watchdog

Public bodies in the UK expect higher operating costs and energy charges as a result of climate changes and the transition to lower carbon energy, but few have a good picture of the risks, according to government auditors. A new report from the National Audit Office (NAO) says some public bodies expect financial impact from the risks they identified, although bodies were often not able to cost these – even approximately. "Bodies anticipate costs to arise from damage to assets and infrastructure, driven by physical damage from extreme weather, as well as from chronic shifts to higher temperatures and more precipitation. Bodies also expect higher maintenance and repair costs, potential asset upgrades, and transition costs. Many bodies...

Read the full article at the source.