Who is responsible for the cost of going net zero?

Sky News published this video item, entitled “Who is responsible for the cost of going net zero?” – below is their description.

Critics are warning that the government’s net zero strategy is underfunded and consumers could end up footing the bill. But who should pay for net zero?

Chairman of the E3G think tank, Tom Burke, says ‘in some sense it’s all of our responsibility’, and if the government chooses “the right policies” taxpayers, consumers and businesses should partly pay. 

But climate activist Mikaela Loach argues that the bill falls with the fossil fuel industry.

Sky News YouTube Channel

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About This Source - Sky News

Sky News is a British free-to-air television news channel and organisation. Sky News is distributed via a radio news service, and through online channels. It is owned by Sky Group, a division of Comcast. John Ryley is the head of Sky News, a role he has held since June 2006.

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In This Story: Net Zero

Carbon neutrality is a state of net-zero carbon dioxide emissions. This can be achieved by balancing emissions of carbon dioxide with its removal or by eliminating emissions from society.

The phraseology has been in wide circulation in the run-up to the COP26 climate summit.

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