That's an interesting announcement. In theory, tougher climate targets have significant effects on UK business; in practice though, this target is very long term, hence until this target is 'operationalised' with shorter term targets, the effects will be so visible.
It is also useful to note that the aviation and shipping emissions are not included. Could this be interpreted that these industries are not ready for such radical measures? Is this an opportunity for any companies?
Tougher climate target unveiled
The government has committed the UK to cut greenhouse gas emissions by 80% by middle of this century.
Climate change and energy secretary Ed Miliband said the current 60% target would be replaced by a higher goal.
Read the whole article at: http://news.bbc.co.uk/1/hi/uk_politics/7673748.stm