Labour’s 2030 net zero pledge could add £800bn to UK economy, finds study

The Labour Party’s pledge to decarbonise the economy by 2030 could lead to a net benefit to the UK of £800bn, according to a report.

Published this morning, the Labour Party-commissioned report sets out a fast-track plan aimed at delivering Labour’s pledge, which the party says will limit carbon emissions “within keeping of the IPCC advice, including to keep global average temperature rises below 1.5C”.

The government, which has set a 2050 decarbonisation target, has rubbished Labour’s pledge, with business secretary Andrea Leadsom describing it as “total tosh” during the Conservative Party conference last month.

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