Rise in interest rates would ‘substantially’ increase net zero costs

A return of interest rates to historically more normal levels would “substantially” increase the cost of the transition to net zero, the chief economist of the National Infrastructure Commission has warned Giving evidence to the House of Lords Industry and Regulators Committee, James Richardson said the future trajectory of interest rates is a “key uncertainty” surrounding the UK’s ability to meet its 2050 carbon reduction goal.

Standard content for Members only

To continue reading this article, please log into your Utility Week Account or subscribe now.

Already registered?

Log in

Request a call back