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The new era of green taxes: Climate change targets to cost every household £500 a year
Posted By aaron On May 18, 2011 @ 3:13 pm In Science & Technology | Comments Disabled
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.
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.
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