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Economic Case

In recent years, the economic impacts of climate change have become better understood.

In 2006 the Stern Review highlighted the fact that inaction on climate change could dampen global economic output by between 5 and 20 per cent every year this century. Two years later a report by Deloitte calculated that if the North West failed to adapt to climate change, it risked losing £72 billion from its economy over the next 12 years.

Climate change is now widely recognised as the biggest market failure in history and, as such, will have profound impacts on our economic prosperity if not enough timely action is taken.

However, businesses often fail to prioritise action in this area due to limited resources and limited experience in resource management.