A new institute dedicated to studying climate change will be created in London thanks to a £12m private donation.

The Institute for Climate Change will be based at Imperial College London and will bring together scientists from different disciplines to look into the consequences and causes of such environmental change.

The donation by Jeremy Grantham will enable the institute, which will be based at Imperial’s campus in South Kensington, to call on a wide variety of expertise – such as public health specialists to look at the impact of heatwaves; engineers to study reductions in damage from air travel; and civil engineers to assess flood risks.

Mr Grantham is chairman of GMO, an investment management company handling assets worth $140bn.

So £12m seems like small change in comparison. It could also represent a bargain if the institute starts coming up with realistic solutions to the problems that currently threaten our planet.

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