Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, if he will make an estimate of the cost to the public purse of net zero policies since 2000.

The Net Zero transition is critical to sustainable UK growth because of the economic costs of unmitigated climate change. The Office of Budget Responsibility (OBR) published its analysis of the cost of reaching net zero by 2050 in chapter 3 of the July 2021 edition of its UK Fiscal Risk Report. As the OBR has noted, “the costs of failing to get climate change under control would be much larger than those of bringing emissions down to net zero.”