U.K. Says Climate Goals Can Be Met Without Hurting the Economy

The U.K.’s efforts to introduce new climate policies and neutralize emissions by 2050 will likely have a “relatively small” impact on the economy, according to the government.

A move to a net-zero economy will create new jobs and opportunities for green industry to flourish, the U.K. Treasury said in a report published Thursday. Policy that’s designed well will support innovation and encourage the deployment of new technologies such as carbon capture and storage and hydrogen.

The review commissioned last year by the Treasury came to a similar conclusion that the government’s independent adviser, the Committee on Climate Change, which...