Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential implications for his policies of the estimate in the report by the OBR entitled Fiscal risks and sustainability, published in July 2025 of the fiscal cost of climate change mitigation.

In its most recent ‘Fiscal risks and sustainability report’ (2025), the OBR is clear that the costs of climate damage are getting higher, while the cost of the net zero transition is getting lower. Only by investing in the transition now can we reduce costs in future.