Climate change targets to cost every household £500 a year

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.

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