We’re really proud of the advice – and will keep sharing our findings over the coming weeks and months.

Read the report itself here: www.theccc.org.uk/publication/...

By 2050, if our pathway is delivered against, annual household energy bills are predicted to be ~£700 cheaper than today, and household driving bills are predicted to be ~£700 cheaper than today.

In many key areas of the transition the way forward is clear. Globally, the world now invests almost twice as much in clean energy as it does in fossil fuels, with clean energy investment expected to reach $2 trillion in 2024.

Around 65-90% of the required investment will be paid by the private sector. But we will need targeted public investment too. It’s important that policymakers ensure this money goes in the right place - to unlock private investment.

This will require initial investment, but we expect to start seeing savings in the Seventh Carbon Budget period. We think it’ll cost about 0.2% of GDP from now to 2050. This is less than we thought when we last gave advice in 2020.

We’ve looked at what this means for a household. We commissioned a citizen’s panel and have thought about what this means for each one of us over the next 25 years.

Electrification makes up 60% of emissions reductions by 2040. This includes decarbonising the grid and replacing fossil fuelled cars and heating systems with electric alternatives.

https://www.theccc.org.uk/publication/cop29-key-outcomes-and-next-steps-for-the-uk/

Three key areas:
1. The UK is well positioned to support the delivery and mobilisation of the finance goal.
2. The UK needs to ensure the Global Clean Power Alliance complements other coalitions.
3. The UK’s NDC must be formalised, with plans on adaptation and finance included.

https://www.theccc.org.uk/2024/12/11/opportunity-for-the-uk-to-support-global-climate-progress/