UK Watchdog: Net Zero To Cost Trillions As Dire Economic Warnings Mount
Net Zero will cost an eye-watering ~£800 billion (over $1 trillion) by 2050, as experts reveal the UK's economic lights are flashing red.
by Ryan Sabey July 11, 2025, 10:31 AM
The push to hit Net Zero will cost a staggering £803 billion [$1.03 trillion US] by 2050, as experts revealed the lights are flashing red on the UK economy. [emphasis, links added]
The cost of the transition to meet green targets over the next two decades will hit taxpayers for an average of £30 billion [$38B US] a year, Ministers have been warned.
The independent Office for Budget Responsibility (OBR) says that two-thirds of this sum will be due to lost tax receipts, mainly from the loss of fuel duty income.
They said that climate change “poses significant risks to economic and fiscal outcomes in the UK”.
https://climatechangedispatch.com/uk-net-zero-trillions-economy/
