CCC: Fossil fuel price shocks cost the UK more than delivering net zero

Michael Holder
clock • 9 min read
Credit: iStock
Image:

Credit: iStock

Climate Change Committee provides fresh analysis of the huge toll the UK's reliance on fossil fuels takes on economic performance

The total economic cost inflicted on the UK from a single spike in fossil fuel prices is likely to be similar to the investment required to entirely retool the economy for a net zero future. That is...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Capacity Market: Latest auction secures over 40GW of back up power

Water firms given green light to raise further £463m from customer bills by 2030

More on Energy

Capacity Market: Latest auction secures over 40GW of back up power
Energy

Capacity Market: Latest auction secures over 40GW of back up power

Gas fired power generation dominates latest T-4 auction, securing more than 23GW of back-up power for Britain's grid in 2029-2030

Michael Holder
Michael Holder
clock 11 March 2026 • 5 min read
The 2028 tipping point: When clean power becomes Britain's economic advantage
Energy

The 2028 tipping point: When clean power becomes Britain's economic advantage

The UK cannot control global gas prices but we can reduce their grip on the energy market with clean power - and if we do the debate over whether renewables push bills up will fade, writes Matt Parry from the Renewable Energy Association (REA)

Matt Parry, Renewable Energy Association (REA)
clock 11 March 2026 • 3 min read
Government to crack down on speculative grid requests, after queue grows five-fold in six months
Energy

Government to crack down on speculative grid requests, after queue grows five-fold in six months

Government moves to prioritise strategically important connection requests from AI data centres, EV infrastructure, and industrial sites that can deliver growth and green jobs

Stuart Stone
Stuart Stone
clock 11 March 2026 • 5 min read