The new era of green taxes: Climate change targets to cost every household £500 a year

DAVID DERBYSHIRE
UK Daily Mail
May 18, 2011

Tough new climate change targets will cost every household in Britain £500 a year.

The targets will usher in a new era of green taxes and soaring fuel bills for millions of cash-strapped households.

• A d v e r t i s e m e n t

Energy Secretary Chris Huhne yesterday committed the UK to a legally binding 50 per cent cut in greenhouse gas emissions by 2025 in a move that will leave Britain £13.4billion-a-year worse off.

The targets are the toughest of any country in the world and will come at a huge price for Britain’s struggling economy.

In contrast, the U.S. has pledged to cut greenhouse gas emissions by only 3 per cent, while China – the world’s biggest polluter – expects its carbon dioxide emissions to rise.

Critics say the plans could have only a minuscule impact on halting climate change but could stifle economic recovery and hamper business. They will also mean higher fuel bills, hitting poorest homes the hardest.

Full article here

This article was posted: Wednesday, May 18, 2011 at 3:13 pm

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