Net Zero Review

(asked on 22nd June 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to include an assessment of the potential economic merits of reaching net zero in his Net Zero Review; and when he plans to publish the final outcome of that review.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
President of the Board of Trade
This question was answered on 29th June 2021

HM Treasury’s Net Zero Review final report will be published in due course, and in advance of COP26.

It will be an analytical report that uses existing data to explore the key issues and trade-offs as the UK decarbonises. Against a backdrop of significant uncertainty on technology and costs, as well as changes to the economy over the next 30 years, it focuses on the potential exposure of households and sectors to the transition, and highlights factors to be taken into account in designing policy that will allocate costs over this time horizon. In line with the Review’s terms of reference, the report will not include policy recommendations.

The Review forms part of a cross-government effort to support the UK’s transition to net zero. The government’s Net Zero Strategy will be published later this year.

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