Factcheck: How ‘scary-sounding numbers’ are being used to mislead the UK about net-zero

Simon Evans

During the 2024 UK general election campaign, politicians and newspapers have used a series of “scary-sounding numbers” to mislead voters about net-zero.

While some of the numbers are accurate in isolation, they have been used in false or misleading ways, shaved of context and typically designed to exaggerate the cost of cutting emissions.

Current prime minister Rishi Sunak, his energy secretary Claire Coutinho and a string of right-leaning newspapers have all been guilty of this approach.

The most common tactics for misleading voters about net-zero include: focusing on the cost of action without mentioning the cost of business-as-usual; mentioning the costs of cutting emissions but not the benefits; and omitting the costs of failing to tackle dangerous climate change.

Below, Carbon Brief factchecks a series of claims made around the election campaign, each of which involves a big number about “costs”. The article explains who made each claim, where the relevant number came from – and the missing context that makes the claim false or misleading.

stat_minus_1

Misleading: ‘Labour…admit…their [climate] plans will cost hundreds of billions

stat_minus_1

False: ‘Labour’s 2030 target would need an extra £116bn

stat_minus_1

False: ‘Ditching net-zero could save the public sector over £30bn

stat_minus_1

False: ‘The UK cost of net-zero [is]…£2tn or more’

stat_minus_1

False: ‘Decarbonising Britain’s entire energy system will cost £2.8-3tn

stat_minus_1

False: ‘The 2030 [petrol car] ban…will cost…£1,000 per household’

stat_minus_1

True: ‘The UK spent a staggering £265bn on energy in 2022’

subdirectory_arrow_left

MISLEADING

§ Hundreds of billions

“We’ve just found a recording that they have put out there from the deputy chancellor from the Labour Party admitting that their [climate] plans will cost hundreds of billions of pounds.”

Rishi Sunak during BBC leaders’ debate – 26 June 2024

Where it comes from

In what appears to have been a coordinated move, Sunak attacked Labour’s net-zero plans during the final leaders’ debate hosted by BBC News, by citing an article published online the same evening in the Daily Telegraph. The article, which appeared on the newspaper’s frontpage the following morning, is based on public comments by Labour’s Darren Jones in March 2024 about the cost of reaching net-zero emissions by 2050, which is also government policy. The target was legislated in 2019 under Conservative former prime minister Theresa May.

What it excludes

Sunak misleads voters by omitting the fact that his own government – as well as the Conservative manifesto – also support the net-zero by 2050 target. He also ignores the costs of inaction on climate change and the evidence that accelerated action would yield significant economic benefits.

In 2019, the Climate Change Committee estimated that the net cost to the whole economy of reaching net-zero by 2050 would amount to £1.4tn, offset by savings from lower fossil fuel bills of £1.1tn. As set out by the Office for Budget Responsibility (OBR) in 2021, this amounted to a net cost of £321bn over nearly 30 years – consistent with the “hundreds of billions” cited by Labour’s Darren Jones. Furthermore, the OBR estimated that only a quarter of the costs of reaching net-zero would come from public spending and that delaying action towards the target could double the overall cost to the UK. It added that failing to act on climate change would have far greater impacts on the economy and public finances, concluding: “Unmitigated climate change would ultimately have catastrophic economic and fiscal consequences.”

In a 2023 report, the OBR found that continued reliance on gas could be more than twice as costly for the exchequer as reaching net-zero. Separate analysis for trade group Energy UK concluded: “[A]n accelerated transition [to net-zero] could boost the UK’s economy by £240bn in 2050 more than current trajectories…Under the most ambitious scenario, the GDP of each area of the UK would be 5.4%-7.5% greater in 2050 than under the current trajectory.”

close

FALSE

§ £116bn

“Labour are still not being honest about the costs of their energy policy. Independent energy experts have warned that Labour’s 2030 target would need an extra £116bn of investment, which means one thing…higher taxes for millions of Brits.”

Claire Coutinho tweet – 25 June 2024

Where it comes from

The figure is based on analysis by consultancy Aurora, which said a total of £116bn would need to be invested during 2025-2035 to reach Labour’s 2030 clean power target. This works at an average of £10.6bn per year, according to Aurora.

What it excludes

The current secretary of state’s phrasing is false. The same Aurora analysis said a total of £105bn would need to be invested during 2025-2035 to meet the government’s own target of clean power by 2035, averaging £9.5bn per year. As such, the “extra” investment is only £11bn over 11 years, or £1bn a year.

Coutinho’s claim that higher investment would mean higher taxes is also false, as electricity sector investment is predominantly from the private sector and paid for via bills. Moreover, Aurora has said, based on the same analysis, that consumer energy bills would be lower under Labour’s 2030 target than under a 2035 clean power goal – or under the current, less ambitious trajectory. Aurora said: “Either scenario will be highly challenging to implement, stretching the limits of deliverability. However, if delivered, increased investment could lead to lower total system costs once the long-term savings from lower gas consumption are included.”

close

FALSE

§ £30bn

“Ditching Net Zero could save the public sector over £30bn per year for the next 25 years.”

Reform manifesto – 17 June 2024

Where it comes from

Reform, a climate-sceptic party led and majority owned by Nigel Farage, offers almost no information on how it arrived at this figure. According to the OBR, public-sector spending on net-zero is estimated at around £8bn per year. The only other number mentioned by Reform is for renewable energy subsidies, which it puts at £10bn per year. These are paid by consumers, not the government, such that scrapping them would not save the public sector any money. Instead, Reform proposes to tax renewables by an equivalent amount, which would likely end investor confidence in the UK across the board.

What it excludes

Reform is claiming, implausibly, that the government could save more than it currently spends. It also focuses on the costs of reaching net-zero while ignoring benefits, as well as the cost of business-as-usual. The CCC has estimated that reaching net-zero will entail net investment costs of £44bn per year out to 2050, offset by operational cost savings of £29bn per year, with the annual cost in total averaging £15bn. This excludes wider GDP impacts: the CCC said that the size of the economy, the number of jobs and real disposable incomes would all grow under a net-zero pathway. The CCC’s monetary estimates also exclude the cost of climate impacts, the sizeable health benefits of improved air quality and other externalities. The IEA recently concluded that accelerating climate action towards net-zero “could lead to major reductions in household energy bills”, again purely looking at economic costs and benefits. According to the OBR, the UK government spent £51bn on energy bill support during 2022-23, after gas prices rocketed.

close

FALSE

§ £2tn

“The UK cost of net-zero has been estimated by the National Grid and others at some £2tn or more. It is so big that no one really knows.”

Draft Reform manifesto – 19 March 2024

Where it comes from

In 2020, National Grid Electricity System Operator (ESO) estimated the cost of building and operating a net-zero energy system at a cumulative total of £2.8-3tn by 2050. This is the total cost of building and operating the country’s energy system for 30 years.

What it excludes

The Reform statement is false. The same National Grid ESO report said: “Scenarios where we hit net-zero in 2050…incur broadly the same costs as the scenario where we miss our net-zero target.” As such, based on the National Grid ESO analysis, there would not be any additional cost to hitting net-zero relative to running an energy system that does not meet the target. Moreover, in 2021, the Treasury stated: “The costs of global [climate] inaction significantly outweigh the costs of action.”

close

FALSE

§ £2.8-3tn

“National Grid ESO, the company which manages our electricity supply, has estimated decarbonising Britain’s entire energy system will cost between £2.8tn and £3tn between now and 2050, working out at between £108bn and £115bn a year.”

Sun comment by Ross Clark – 23 June 2024

Where it comes from

In 2020, National Grid Electricity System Operator (ESO) estimated the cost of the country’s energy system at a cumulative total of £2.8-3tn by 2050. This is the total cost of building and operating the energy system for 30 years.

What it excludes

The climate-sceptic columnist’s statement is false. The same National Grid report said: “Scenarios where we hit net-zero in 2050…incur broadly the same costs as the scenario where we miss our net-zero target.” As such, based on the National Grid ESO analysis, there would not be any additional cost to hitting net-zero, relative to running an energy system that does not meet the target. Furthermore, the £108-115bn annual cost cited by Clark can be compared with the £265bn spent by UK consumers on energy in 2022 – when fossil fuel costs spiked due to Russia’s invasion of Ukraine – including more than £100bn on imported oil and gas alone. These 2022 figures did not include investment in new infrastructure.

close

FALSE

§ £1,000

“[R]estoring the 2030 ban on the sale of new petrol and diesel cars will cost an estimated extra £1,000 per household per year from 2022 until 2050.”

Sunday Telegraph article and editorial – 15 June 2024

Where it comes from

The Sunday Telegraph article and accompanying editorial are based on a dossier compiled by free-market thinktank the Institute of Economic Affairs, which, in turn, cites a 2022 report published by consultancy the Centre for Economic and Business Research (CEBR). The CEBR work was funded by Fair Fuel UK, the motoring lobby group run by climate-sceptic Reform candidate for London mayor Howard Cox. The newspaper omits this detail from its article.

What it excludes

The Sunday Telegraph claim is false, because the underlying report from CEBR makes the “simply perverse” assumption that the relative cost of petrol and electric vehicles (EVs) is unchanged for the next 30 years. The assumption that EVs will continue to face a purchase price premium over petrol cars is directly contradicted by the evidence of falling costs, including recent data showing that EVs are now close to up-front price parity in the UK. The Climate Change Committee (CCC) concluded that an earlier combustion-engine car ban would deliver £6bn in cost savings, because EVs have much lower running costs than petrol cars, again directly contradicting the CEBR and Sunday Telegraph claims. When Sunak delayed the combustion-car ban from 2030 to 2035, the CCC said this was “likely to increase…motoring costs for households”, adding that EVs were “significantly cheaper than petrol or diesel vehicles to own and operate”.

check

TRUE

§ £265bn

“The UK spent a staggering £265bn on energy in 2022 – the most recent data available – including more than £100bn on imported oil and gas alone”

Tweet by Carbon Brief’s Simon Evans – 8 February 2024

Where it comes from

This is the cost of energy – the majority of it being fossil fuels – bought in the UK in 2022 at market prices, reflecting the cost to consumers of heat, power and transport fuel. The data was the most recently available at time of publication and covers the first year of Russia’s invasion of Ukraine, when Russia restricted gas supplies to Europe and sent fossil fuel prices rocketing. In the pre-crisis year of 2021, the UK spent £184bn on energy.

What it excludes

These figures do not include investment in energy-related infrastructure, such as power plants, pylons, boilers, cars or heat pumps. Many conversations about the cost of reaching net-zero ignore the substantial costs of the status quo, which is heavily reliant on volatile fossil fuels.

🗂️ back to the index