Carbon Emissions: Economic Situation
2026-06-22 · Department for Energy Security and Net Zero · HL1240 · Official question
Question
To ask His Majesty's Government what estimate they have made of the overall cost of net zero policies to the British economy.
Answer
The costs of climate action are far outweighed by the cost of inaction. The government’s Impact Assessment (IA) for Carbon Budget 7 estimates the net cost to deliver net zero over the period 2025-2050 at around £755 billion, with the total quantified bene...