London’s roads, underground stations and properties are increasingly at risk as extreme weather events become more frequent and unpredictable. Events including severe flooding and hot weather, such as those experienced in the summer of 2016, have resulted in disruption to the city’s operations and infrastructure affecting residents, businesses and visitors.
Managing London’s Exposure to Climate Change, produced by Future of London in partnership with Arup responds to this growing climate risk. It outlines recommendations to help London’s public-asset owners, service providers and their partners build ever stronger business cases for adapting their assets to this mounting threat.
The report calls for more transparent and collaborative relationships, particularly between investors, insurers and local and pan-London government to ensure that investment is made to make the city more resilient to climate change in the future.
Managing London’s Exposure to Climate Change tackles this topic in three parts:
- challenges and risks to London and the costs of inaction;
- cross-sector and area-based solutions;
- recommendations for public sector asset owners and service providers and their private-sector partners including insurers, investors and developers.
It offers proven systems and area-based approaches, and ways to reframe climate risk management as an opportunity rather than a cost. The report was developed following contributions at a series of roundtables hosted by Future of London at Arup’s London offices. The roundtables were attended by representatives from local stakeholders including but not limited to local government, housing associations, utilities companies and the insurance industry.