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

DAVID DERBYSHIRE
UK Daily Mail [1]
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.

Full article here [1]

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