Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether her Department has made an estimate of the cost of climate change to the UK economy in 2050.

As the OBR noted in its July 2021 Fiscal Risks Report, “the costs of failing to get climate change under control would be much larger than those of bringing emissions down to net zero”. The OBR’s unmitigated warming scenario showed debt spiralling up to over 130 per cent of UK GDP by 2050 and around 290 per cent by the end of the century as a result of the cost of adapting to an ever hotter climate.