The Costs of Net Zero: Action vs Inaction
Reaching net zero in the energy network will cost the UK £3 trillion, according to a new cost analysis from National Grid ESO.
The costing applies to the four scenarios laid out by the operator in its Future Energy Scenarios, which was released in July. This outlined two scenarios – Consumer Transformation and System Transformation – where net zero was hit by 2050, one – Leading the Way – where net zero was hit by 2048, and finally one – Steady Progression – where the deadline was missed, and the UK still emitting 258 MtCO2e in 2050.