UK's $667 Billion Net-Zero Bill Could Make Britain Uncompetitive

The UK's cost to meet its ambitious net-zero and clean power goals is a massive $667 billion, or £500 billion, which would be heavily front-loaded capital expenditure that will hurt businesses and bill payers, according to trade association Energy Industries Council.

Estimates from the Climate Change Committee (CCC) and the Confederation of British Industry (CBI) suggest that the necessary energy and energy infrastructure projects, including renewable energy, grid, and transmission upgrades and expansions, would cost £500-600 billion,…