The United Kingdom has been among OECD leaders in the reduction of greenhouse gas emissions
Emission reductions have been driven by greening electricity supply
Policy needs strengthening to reach future targets
The transition to net zero will need substantial re- and upskilling
Inflation and interest rates are sensitive to policy stringency and revenue use
Emissions pricing can provide fiscal space to support the transition
Carbon prices differ considerably across sectors
The UK carbon trajectory is considerably higher than price signals facing the private sector
A number of countries tax non-transport fossil fuels
Revenue recycling can turn carbon taxation from regressive to progressive
A carbon price affects regions differently
A majority of Britons support climate policies, except a fossil fuel tax
Stated support for climate policies
Contract for Difference auctions have made the United Kingdom a leader in offshore wind
Carbon emission reductions from the housing sector are held back by low energy efficiency
Low charges on gas for heating hold back heat pump investments
The fuel excise duty remains high relative to European OECD countries