The Staggering £7.6 Trillion Price Tag of Britain's Net Zero Ambition

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A new report by the Institute of Economic Affairs suggests that the UK's net zero ambition may cost the economy £7.6 trillion, exceeding previous estimates, raising concerns over the supposed savings from the energy transition.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Net zero is set to cost the UK economy billions of pounds more than public officials estimate, a new report has suggested, raising questions over the supposed savings to be made from the energy transition for households and businesses. A new paper published by the Institute of Economic Affairs, a free market think tank, has raised questions about cost estimates shared by the Climate Change Commission, an independent public body that provides advice on net zero policy to ministers. Energy analyst David Turner said the cash costs in the…

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Original article published by OilPrice.com on January 18, 2026.
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