The Climate Change Committee (CCC) has released a new report to complement its 2025 advice on the UK’s Seventh Carbon Budget.
The independent, statutory body tested its cost and energy security conclusions against different scenarios. It found that the total additional cost of a single fossil fuel price spike of 2022 magnitude is likely to be as large as the total net additional cost of meeting the pathway to Net Zero across every year to 2050.
In all scenarios, achieving Net Zero was found to be a more cost-effective path for the UK economy than continued reliance on fossil fuels, bringing a net benefit to society.
Press release: www.theccc.org.uk/2026/03/11/cost-of-net-zero-by-2050-less-than-a-single-fossil-fuel-price-shock-ccc
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