UK May Have to Raise Taxes to Pay for Net-Zero Pledges: Treasury
A family walk past as activists take part in a demonstration outside Buckingham Palace, as part of protests by the Extinction Rebellion climate change group on the fifth day of their new series of 'mass rebellions,' in central London, on Sept. 5, 2020. Justin Tallis/AFP via Getty Images
The British government may have to consider raising taxes to pay for the cost of its pledge to reach “net zero” greenhouse gas emissions by 2050, according to a Treasury report published on Tuesday.
In June 2019, the UK government passed legislation committing itself to achieve net-zero by 2050, in order to deliver on the commitments under the Paris Agreement in 2016.
