fromLondon Business News | Londonlovesbusiness.com
3 months agoNet zero could cost Britain billions more than officials estimate, warns new IEA paper - London Business News | Londonlovesbusiness.com
He finds that headline figures have fallen dramatically not because net zero has become cheaper, but because public bodies have changed methodologies and relied on increasingly unrealistic assumptions. The CCC now claims that achieving net zero between 2025 and 2050 will cost just £108 billion - down from earlier estimates of over £1 trillion. Turver shows this is done by moving the goalposts from measuring gross costs to comparing against a notional baseline scenario.