Box sets » Net zero

A more comprehensive measure of the costs of energy

Chart 3B: Illustrative enhanced levelised costs of energy
An estimate of the full cost of different energy sources to the power system needs to reflect more than just the construction and operating costs of energy generators that are captured in the levelised cost of electricity (LCOE). In this box we explored enhanced measures of levelised costs of energy.

The fiscal cost of net zero in the UK in an international context

Chart 3D: Emissions in the CCC's balanced net zero pathway
Since our 2021 Fiscal risks report - which showed that reaching net zero carbon emissions will have significant impacts on the public finances in the UK - estimates of the fiscal impacts of reducing emissions in other countries have begun to be produced. In this box we recapped our 2021 work and discussed how IMF and French analysis compared to it.

Updated electric vehicle assumptions and their fiscal implications

Line chart showing electric vehicle share of new car sales
The transition to electric vehicles (EVs) has direct fiscal implications for fuel duty revenues (and, to a lesser extent, vehicle excise duty). In this box we explained why we have revised down our EV assumptions and the impact of this revision on fuel duty and VED revenues.