Net Zero Emissions and Green Investment

Part of Treasury – in the House of Commons on 7th September 2021.

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Photo of Kemi Badenoch Kemi Badenoch The Exchequer Secretary, Minister for Equalities

We will put affordability and fairness at the heart of our reforms to reach net zero. Our latest estimates put the costs of net zero at under 2% of GDP—broadly similar to when we legislated for it two years ago—with scope for costs of low-carbon technologies to fall faster than expected. Most of those represent increased investment in growth markets of the future. However, I take my hon. Friend’s point. All I would say is that he should wait until the net zero review is published.