A single fossil fuel shock is likely to cost more than the UK taking steps to meet its Net Zero targets by 2050, the Climate Change Committee (CCC) estimates in its latest Carbon Budget.
Russia’s invasion of Ukraine in 2020, for example, caused a shock that will have a greater financial impact than the total net additional cost of getting to Net Zero by 2050, says the Government’s climate advisor.
The Seventh Carbon Budget advice report estimates the additional cost of the Balanced...
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