Climate Change and SustainableEnergy Bill

Sceptic, on this occasion. I found a good commercial case from the Association of British Insurers, which reported in 2004 that weather risks are already increasing by 2 to 4 per cent. a year on household and property accounts due to changing weather. Claims for storm and flood damage in the UK doubled to more than £6 billion between 1998 and 2003 compared with the previous five years, with the prospect of a further tripling by 2015. Last year the ABI reported that in the UK climate change could increase the annual cost of flooding almost fifteenfold by the 2080s under the high emissions scenario, leading to potential total losses from river, coastal and urban flooding of more than £22 billion. There is clearly a serious commercial and economic risk to climate change.