1、An analysis of the advantages andoxeradisadvantages of differentNet Zero targets for JerseyGovernment of JerseyMMarch 2021#page#The purpose of this briefing noteSince the declaration of a climate emergency by Jerseys States Assembly inMay 2019,the Government of Jersey has been working on developing
2、astrategy to make Jersey carbon neutral by 2030.1 Oxera has been assistingthe Government with the economic analysis underpinning this strategy. Thisbriefing note is based on previous studies commissioned from Oxera by theGovernment of Jersey (see Oxera (2020),Quantitative analysis of carbonneutralit
3、y by 2030 and Oxera (2019)Carbon neutrality by 2030)The Government has invited Jerseys first Citizens Assembly to consider theoptions,and to recommend the scale of Jerseys ambition for carbonneutrality and the deadline for meeting it to the States Assembly.2This briefing note provides information to
4、 the Citizens Assembly on thefollowing key issues.oA description of Jerseys carbon footprint and its sources of emissions.The role carbon offsets can play in achieving carbon neutrality and howthey work.Arguments both for and against more ambitious carbon reduction targetsincluding a review of the d
5、ecarbonisation debates in other jurisdictionsThe key trade-offs to consider when making policy decisions to achievecarbon neutrality.Oxeras analysis of the potential cost of carbon neutrality in the twolargest emitting sectors:transport and heatingThis briefing note does not present a view on whethe
6、r Jersey shoulddecarbonise and does not attempt to provide recommendations on whichNet Zero target to chooseAn analysis oftheadvantagesOxera Consulting LLPand disadvantages of differenNet Zero targets for Jersey#page#GlossaryTermExplanationAforestationAfforestation is the establishment ofaforestortr