UK ‘needs billions a year’ to meet 2050 climate targets

Report estimates up to £20bn a year in investment needed to build net-zero carbon economy

The UK will need investment worth billions of pounds every year to remove enough greenhouse gases from the air to meet its 2050 climate targets, according to a report commissioned by the government.

The report, by analysts at Vivid Economics, estimated that the UK would need as much as £20bn a year to remove up to 130m tonnes of carbon dioxide from the air.

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