New Delhi, July 11 -- The Office for Budget Responsibility (OBR) United Kingdom pointed to the risks posed by the climate change trends on future fiscal outcomes in the UK.
Sarah Breeden (Deputy Governor for Financial Stability, Bank of England) who is associated with overseeing financial stability pointed out the challenges posed by Climate Change in the UK's economy.
Sarah highlighted that the risks posed by climate change previously seemed hypothetical are now in front of us. She pointed out the impact of turbulent climate change trends on the UK's future macroeconomic prospects.
OBR also highlighted three significant developments: mitigation, adaptation and damage that are hampering the UK's economy. The official institution also po...