Net Zero to Cost Taxpayers £800 Billion, Warns OBR
by Will Jones 9 July 2025 3:00 PM
Britain’s move to a Net Zero economy will cost taxpayers more than £800 billion over the next two decades, the OBR – the UK’s fiscal watchdog – has said. But even this is based on implausibly generous assumptions, say critics. The Telegraph has the story.
The Office for Budget Responsibility (OBR) said Government plans to limit climate change will cost the public purse £30 billion every year until at least 2051, as tax revenue from the sale of petrol and diesel fuel dries up.
This includes nearly £9.9 billion of spending every year on tech investments – for example updating the electricity grid – as well as £20.5 billion in revenue losses from declining fuel duty from petrol cars, as electric vehicles (EV) become more common.
Investments in green technology will initially make up most of the Net Zero cost before lost tax receipts become the bigger factor, the OBR said.
https://dailysceptic.org/2025/07/09/net-zero-to-cost-taxpayers-800-billion-warns-obr/
