Department for Energy Security and Net Zero: Carbon Emissions

Question

The Office of Budget Responsibility (OBR) published its analysis of the cost of reaching net zero by 2050 in chapter 3 of the July 2021 edition of its UK Fiscal Risk Report. As the OBR has noted, “the costs of failing to get climate change under control would be much larger than those of bringing emissions down to net zero.” Spending Review 2021 set out £26 billion of public capital investment in net zero over four years across Government.