Written question asked by Lord Truscott (Non-affiliated) on Tuesday, 23 June 2026, in the House of Lords. It was due for an answer on Tuesday, 7 July 2026. It was answered by Lord Whitehead (Labour) on Tuesday, 7 July 2026 on behalf of the Department for Energy Security and Net Zero.
Carbon Emissions: Economic Situation
- Question
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To ask His Majesty's Government what estimate they have made of the overall cost of net zero policies to the British economy.
- Answer
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The costs of climate action are far outweighed by the cost of inaction.
The government’s Impact Assessment (IA) for Carbon Budget 7 estimates the net cost to deliver net zero over the period 2025-2050 at around £755 billion, with the total quantified benefits estimated to be £1.62 trillion, delivering a net present value of £865 billion.
The costs include a mix of private and public sector investment we estimate to upgrade infrastructure, transport and heating systems.
Secondary information
- Type
- Written question
- Reference
- HL1240
- Session
- 2026-27
- Subjects
- Economic situation Carbon emissions
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-07-07 18:01:57 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2026-27/HL1240
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- In Solr
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