Hello community,
great reading from Climate Change Committee. Full report here Supplementary analysis of the Seventh Carbon Budget - Climate Change Committee
The cost of net zero by 2050 is less than a single fossil fuel price shock.
Key messages
- For every pound spent on Net Zero, the benefits outweigh this by 2.2 to 4.1 times.
- Avoiding climate damages is the most significant benefit of the transition. This saving is estimated between £40 billion and £130 billion in 2050.
- Energy losses are halved compared to today. Losses in a Net Zero system are valued at £30 billion per year, compared to £60 billion a year in today's energy system.
- The transition is set to deliver far greater health and wellbeing co-benefits than costs. Cleaner air, warmer homes, more active travel and healthier diets strongly outweigh downsides like extra public transport time or potential congestion from increased EV use.
| Climate Change Committee |
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| Supplementary analysis of the Seventh Carbon Budget - Climate Change Committee |
| This report, complementing the Committee's advice on the UK's Seventh Carbon Budget, tests the Committee's cost and energy... |
| View this on Climate Change Committee > |
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Aya Pariy
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