U.K. Climate Plan Set to Curb Impact of Oil Shocks, Report Shows

U.K. efforts to switch to low-carbon power sources may lessen the negative impact of an oil-price shock, a study found before the government publishes its plans to attract investors in clean-energy generation.

The country’s proposed climate policies would reduce the effect of jumps in energy prices on disposable household income by half by 2050, research group Oxford Economics said today in a government-commissioned report. They’d also mitigate the impact on business investment, inflation and unemployment, it said.