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Climate Change Targets Might Cost Every Household 500 Pounds a Year
13/06/2011
It has been recently reported that the UK has committed to reducing it's greenhouse gas emissions by 50% by 2025. This is likely to cost Great Britain £13.4billion a year.
Energy Secretary Chris Huhne committed the UK to these tough targets at a time when Britain's economy is struggling. They are the toughest of any country, in contrast the US has pledged to cut greenhouse gas emissions by only 3%, while China, the world’s biggest polluter, expects its carbon dioxide emissions to rise.
The Government will need to raise money to pay for thousands more wind turbines and finance a new generation of nuclear power stations.
Mr Huhne gave the UK a get out by promising to review the target in 2014 if Europe drags its feet.
Homeowners aged over 55 years who are worried about the costs of climate change targets and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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