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<p>The Committee on Climate Change’s (CCC) detailed and analytically rigorous report
has shown that this goal is now feasible, deliverable, and can be met within the same
cost envelope (an annual resource cost equivalent to 1-2% of GDP in 2050) as was estimated
for the 80% target when it was set in 2008. As the CCC identify, there are a wide
range of benefits which could partly or fully offset these costs.</p><p>While the
transition to a net zero economy undoubtedly requires new investment, it also opens
up opportunities for the UK to build on its areas of strength, including in offshore
wind manufacture, provision of green finance, and development of electric vehicles.</p><p>Policies
to support delivery of a net zero target will be subject to impact assessments in
the usual way.</p>
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