The risk of corporate lock-in to future physical climate risks: the case of flood risk in England and Wales

Working paper by Shilpita Mathews, Viktor Rözer, Swenja Surminski on 22 Nov 2021

Using the example of flood risk in England and Wales, this study looks at both the evidence for and drivers of business lock-ins to the physical risks from climate change. The findings show that decisions made today can lock businesses into future risk trajectories that may be difficult and costly to change.