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Carbon Emissions: Costs

Question for Department for Business, Energy and Industrial Strategy

UIN 59798, tabled on 20 October 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department made of the potential non-financial costs to society of achieving the Government's net zero emissions target.

Answered on

25 October 2021

The Department conducted cost-benefit analysis of our net zero ambition as part of the Impact Assessment for setting the sixth carbon budget. The net present value of meeting the sixth carbon budget and net zero target, compared to no further action, was estimated as a net benefit of £266 billion.

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