Net Zero: Costly Rush vs Gradual Savings
Update: 2025-12-11
Description
New report reveals potential financial burden of rushing to Net Zero in the UK. Aiming for 100% decarbonization by 2050 could cost households an extra £500 annually, totaling £350 billion over 25 years. Slower transition to 80% decarbonization by 2050 could save £14 billion each year, but costs would increase later. Conservatives warn of higher electricity prices, while shadow energy secretary Claire Coutinho argues a rapid push for Net Zero is forecast to make the energy system £350 billion more expensive than a gradual approach.
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