Climate policies ‘have not damaged’ UK’s competitiveness

LSE economists have concluded that the UK should adopt an ambitious fifth carbon budget up to 2032 given evidence it can boost competitiveness 

Ambitious, well-designed climate policies should boost rather than hinder UK competitiveness by the 2030s, say LSE economists. Photograph: Evgeny Karandaev/123RFFar from harming economic growth, the UK’s economy has benefitted from current climate ambition and will see innovation if an ambitious decarbonisation target is set for 2030, LSE economists have concluded.

In a briefing published on 10 May by the LSE’s Grantham Research Institute on Climate Change and the Environment and the ESRC Centre for Climate Change Economics and Policy, they argue there is little evidence to support concerns that climate policies have damaged UK competitiveness to date.

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