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Gas Price Surge May Slash UK’s Cost to Hit Net-Zero Emissions

  • Fiscal watchdog assesses risks to the UK public finances
  • Higher fossil fuel costs make alternatives more attractive
Fuel prices at a BP Plc petrol station in Essex on July 4.

Fuel prices at a BP Plc petrol station in Essex on July 4.

Photographer: Hollie Adams/Bloomberg

Britain’s path toward zeroing out its greenhouse gas pollution may cost a third less than expected if natural gas prices remain elevated, analysis by government’s fiscal watchdog showed.

The Office For Budget Responsibility examined how high fossil-fuel prices would impact the whole-economy cost of the UK reaching its target for net zero emissions by 2050.