UK costs to cut greenhouse emissions 40% higher than thought: FT

Britain's government has estimated that the cost of eliminating greenhouse gas emissions by 2050 could be 40% higher than one given by official climate advisers, the Financial Times reported on Thursday, citing a finance ministry letter. Last month Britain's Committee on Climate Change (CCC) said the country should aim for a full elimination of net greenhouse gas emissions by 2050 compared with an earlier target of an 80% reduction, in order to limit future global temperature rises.