OBR: Costs of continued gas reliance more than double that of reaching net zero

Michael Holder
clock • 8 min read
Credit: iStock
Image:

Credit: iStock

Remaining heavily reliant on fossil gas for power and heating poses huge fiscal and economic risk to the UK, warns the Office for Budget Responsibility

Continuing to rely on fossil gas for power and heating in the UK could pile hundreds of billions of pounds onto public debt by 2050, resulting in costs that are more than double the public investment required...

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

More on Investment

Clean Energy Transition Partnership: Countries slash overseas fossil fuel finance 80 per cent

Clean Energy Transition Partnership: Countries slash overseas fossil fuel finance 80 per cent

Analysis shows continued push to cut fossil fuel finance from 40 counties and regions signed up to the CETP, but warns only 42 per cent of funding is being redirected to clean energy

clock 28 October 2026 • 4 min read
'Climate adaptation is a no-brainer': European Investment Bank launches €30bn adaptation investment drive

'Climate adaptation is a no-brainer': European Investment Bank launches €30bn adaptation investment drive

European Investment Bank (EIB) unveils plans to double investment in climate resilient infrastructure, agriculture, and technologies

clock 23 October 2026 • 2 min read
National Wealth Fund backs £135m funding round to reopen Cornish tin mine

National Wealth Fund backs £135m funding round to reopen Cornish tin mine

National Wealth Fund provides £41.7m cornerstone equity investment to Cornish Metals to support the reopening of the South Crofty tin mine in Cornwall

clock 22 October 2026 • 3 min read