The UK’s transition towards a net zero economy will cost the country more than £1 trillion, 40% more than the Committee on Climate Change has suggested, HM Treasury has claimed.
Industry reaction to today's landmark report from the Committee on Climate Change, which recommends a 2050 target date for the UK's economy to become greenhouse gas-free.
The UK could end its contribution to global warming by phasing out greenhouse gas emissions by 2050, the Committee on Climate Change (CCC) has said, a target which would drive a revolution in the country’s power system.