Proposed methodology for the Seventh Carbon Budget advice

The UK’s 2030 NDC was set on the advice of the CCC in line with a pathway to the UK’s Sixth Carbon Budget and Net Zero by 20 0.12 As part of the next cycle of the Paris Agreement, the UK Government will need to produce its 2035 NDC. [...] 2.2.3 Emissions reduction over the Seventh Carbon Budget period and beyond By the end of the Sixth Carbon By 2037, the end of the Sixth Carbon Budget period, emissions in the UK should be Budget period, emissions in the UK should be around a third of around a third of levels in 2022. [...] The rest of this chapter is laid out in two sections: 3.1 Economy and competitiveness 3.2 Distribution of costs, benefits and expenditure 35 Chapter 3: The economy, costs and benefits 3.1 Economy and competitiveness The Climate Change Act (the Act) requires consideration of “economic circumstances, and in particular the likely impact of the decision [on the level of the carbon budget] on the econo. [...] 3.1.1 Whole-economy costs and costs savings The difference in costs The difference in costs between the decarbonisation pathways and the baseline, between the decarbonisation pathways and the baseline, will will be calculated for the economy as a whole (see Chapter 2, Section 2.4 on be calculated for the economy as a whole. [...] Our analysis will determine the The analysis will enable us to determine the set of measures on the path to Net set of measures on the path to Net Zero that carry the overall Zero that carry the overall least cost to the economy.