Making buildings net zero could cost £400bn, OBR warns

By Tom Lowe2021-07-07T13:09:00

New report said total cost of hitting 2050 emissions target could be over £1.4tn across whole economy

The cost of making buildings net zero by 2050 could be nearly £400bn, according to a new Office for Budget Responsibility (OBR) report.

Replacing gas boilers with heat pumps and installing better insulation could cost over £250bn for homes and more than £140bn for all other buildings, the OBR said.

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