Oral Answers to Questions

Debate between Graham Stuart and Philip Davies

Tuesday 4th July 2023 Commons Chamber

[Philip Davies (Shipley) (Con)]

T4.   Will the Minister tell the House what his latest assessment is of the full financial cost to the United Kingdom of reaching net zero, and, if the UK reaches net zero, what difference that would make to global temperatures?

[The Minister for Energy Security and Net Zero (Graham Stuart)]

We estimate that the net cost excluding air quality and emissions-saving benefits will be equivalent to about 1% to 2% of GDP in 2050. As my hon. Friend knows, emissions are global, and we all need to play our part. The UK has a part to play in tandem with others, and that is why I will be working with other Ministers at the conference of the parties in Dubai.