Recommendation 9

HM Treasury told us that the final report will provide an analytical framework to consider the economic and fiscal costs of moving to net zero.16 HMRC said the final report would dovetail within a broader cross-government strategy on how to achieve net zero which BEIS is due to publish later in 2021.17 HM Treasury said that the particular contribution tax should make to net zero, alongside other tools, needs to be thought of in the context of this overall strategy. It also said that there was a need for a comprehensive strategy first and then government would work out the role that tax would play within that strategy.18