LONDON, July 9 (Xinhua) -- Increasing demand for goods and services to adapt to global climate change and manage climate risks offers significant market opportunities for Britain, a report released by the Government Office for Science showed Thursday.
The report forecast that the global climate change adaptation market would reach around 3.5 trillion pounds (4.7 trillion U.S. dollars) in the 2026-2035 period.
Britain could capture 4 percent to 10 percent of the total global adaptation spending on measures that directly reduce physical climate risks, alongside insurance and financial services, it said.
To capture the market opportunities, the report said that measures should be taken in generating demand, mobilizing capital, improving data gathering and accessibility, embedding climate risks in financial decisions and developing export pathways. ■
