Report: Cost of Net Zero Could Top £4.5 Trillion

A think tank has accused The Climate Change Committee of under-estimating the costs needed to achieve net zero.

A man climbs stairs on day two of the COP 26 United Nations Climate Change Conference at SECC in Glasgow, Scotland, on Nov. 1, 2021. Ian Forsyth/Getty Images

The government’s current plans to achieve net zero by 2050 will cost £4.5 trillion, three times as much was previously thought, according to a report by a think-tank.

The think tank Civitas has claimed that the real cost of net zero “risks the very fabric of the UK economy and genuine societal hardship.”