We need your support to keep TheyWorkForYou running and make sure people across the UK can continue to hold their elected representatives to account.

Donate to our crowdfunder

Carbon Emissions

Department for Business, Energy and Industrial Strategy written question – answered on 24th October 2019.

Alert me about debates like this

Photo of Graham Stringer Graham Stringer Labour, Blackley and Broughton

To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate she has made of the cost to the public purse of achieving net zero carbon emissions by 2050 in each year between 2020 and 2050.

Photo of Kwasi Kwarteng Kwasi Kwarteng The Minister of State, Department for Business, Energy and Industrial Strategy

The Committee on Climate Change has not provided the Department with an estimate of the costs in each year from 2020 to 2050 for delivering the UK’s net zero target.

Costs are inevitably uncertain between 2020 and 2049 but the CCC estimate that the costs of delivering the net zero target will be equivalent to 1-2% of GDP in 2050. We will publish further detail in the impact assessment for the sixth carbon budget and for all policies which we take forward to deliver the net zero target.

In addition, HM Treasury are carrying out a review into the costs of transitioning to a net zero economy, as recommended by the CCC. The review will consider how to pay for this and how to achieve the transition in a way that works for households, businesses and public finances, as well as how we can ensure this is compatible with plans for a thriving and competitive economy.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.