Climate Change Committee carbon budget predicting lower energy and driving bills
- Feb 26
- 1 min read
Today, the Climate Change Committee (CCC) has published the seventh carbon budget, a new pathway to a decarbonised UK. Key findings include:
Electrification makes up 60% of emissions reductions by 2040.
Investment this decade creates savings over time.
If the CCC pathway is delivered against, annual household energy bills are predicted to be ~£700 cheaper than today, and household driving bills are predicted to be ~£700 cheaper than today.
If the country decarbonises against the CCC pathway, average household energy bills in 2040 would be 15 times less sensitive to spikes in gas prices.
Climate Change Committee carbon budget predicting lower energy and driving bills - last updated 26.2.25
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