PARLIAMENTARY WRITTEN QUESTION
Carbon Emissions: Cost Benefit Analysis (21 October 2024)

The UK was the first country to set legally binding carbon budgets and the first major economy to establish a net zero target in law. An Impact Assessment of the level of the Sixth Carbon Budget was published at the time, including a cost-benefit analysis which showed the economic costs and benefits of net zero. Without the shift to renewable energy, we will continue to be exposed to volatile fossil fuel markets and the cost of living crises households had to live through in the last Parliament.