Carbon Emissions: Costs

(asked on 20th October 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

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 by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 25th 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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